> Solve for the vertical and horizontal analysis of the given table below. C and F Store Statement of Financial Position As of December 31 2013 87, 400 69, 920 218, 500 4, 370 493, 810 874, 000 67, 298 393, 300 413, 402 874, 000 2014 110, 000 90, 000 129, 000 12, 000 550, 000 891, 000 75, 000 400, 000 416, 000 891, 000 Cash Accounts Receivable Inventory Prepaid Rent Delivery Van Total Assets Accounts Payable Loans Payable Cruz, Capital Total Liabilities and Equity C and F Store Statement of Comprehensive Income For the Year Ended December 31 2014 2015 810, 000 348, 300 461, 700 234, 900 40, 500 186, 300 686, 000 301, 750 384, 250 205, 800 17, 150 161, 300 Sales Cost of Goods Sold Gross Profit Operating Expenses Interest Expense Net Income

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question
Solve for the vertical and horizontal analysis of the given table below.
EVALUATION
> Solve for the vertical and horizontal analysis of the given table below.
C and F Store
Statement of Financial Position
As of December 31
2014
2013
110, 000
90, 000
129, 000
12, 000
550, 000
891, 000
75, 000
400, 000
416, 000
891, 000
87, 400
69, 920
218, 500
4, 370
493, 810
874, 000
67, 298
393, 300
413, 402
874, 000
Cash
Accounts Receivable
Inventory
Prepaid Rent
Delivery Van
Total Assets
Accounts Payable
Loans Payable
Cruz, Capital
Total Liabilities and Equity
C and F Store
Statement of Comprehensive Income
For the Year Ended December 31
2014
2015
810, 000
348, 300
461, 700
234, 900
40, 500
186, 300
686, 000
301, 750
384, 250
205, 800
17, 150
161, 300
Sales
Cost of Goods Sold
Gross Profit
Operating Expenses
Interest Expense
Net Income
Transcribed Image Text:EVALUATION > Solve for the vertical and horizontal analysis of the given table below. C and F Store Statement of Financial Position As of December 31 2014 2013 110, 000 90, 000 129, 000 12, 000 550, 000 891, 000 75, 000 400, 000 416, 000 891, 000 87, 400 69, 920 218, 500 4, 370 493, 810 874, 000 67, 298 393, 300 413, 402 874, 000 Cash Accounts Receivable Inventory Prepaid Rent Delivery Van Total Assets Accounts Payable Loans Payable Cruz, Capital Total Liabilities and Equity C and F Store Statement of Comprehensive Income For the Year Ended December 31 2014 2015 810, 000 348, 300 461, 700 234, 900 40, 500 186, 300 686, 000 301, 750 384, 250 205, 800 17, 150 161, 300 Sales Cost of Goods Sold Gross Profit Operating Expenses Interest Expense Net Income
Expert Solution
steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Knowledge Booster
Balance Sheet Analysis
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education