Here are comparative financial statement data for Vaughn Company and Mary Company, two competitors. All data are as of December 31, 2022, and December 31, 2021. Net sales Cost of goods sold Operating expenses Interest expense Income tax expense Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock, $10 par Retained earnings (a) Vaughn Company 2022 $1,842,000 1,040,730 268,932 9,210 53,418 323,500 520,500 64,000 109,000 497,500 173,500 2021 Mary Company Dollars 2022 I $561,000 297,330 77.979 3,927 6,732 83,200 138,300 $314,800 $78,600 501,500 125,400 74,800 28,600 91,000 30,600 24,200 497,500 117,000 117,000 153,000 39,900 34,000 2021 Prepare a vertical analysis of the 2022 income statement data for Vaughn Company and Mary Company. (Round percentages to 1 decimal place, eg. 12.1%) 34,200 Vaughn Company Condensed Income Statement Percent % % % % % % % % % 5 $ $ Dollars Man
Here are comparative financial statement data for Vaughn Company and Mary Company, two competitors. All data are as of December 31, 2022, and December 31, 2021. Net sales Cost of goods sold Operating expenses Interest expense Income tax expense Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock, $10 par Retained earnings (a) Vaughn Company 2022 $1,842,000 1,040,730 268,932 9,210 53,418 323,500 520,500 64,000 109,000 497,500 173,500 2021 Mary Company Dollars 2022 I $561,000 297,330 77.979 3,927 6,732 83,200 138,300 $314,800 $78,600 501,500 125,400 74,800 28,600 91,000 30,600 24,200 497,500 117,000 117,000 153,000 39,900 34,000 2021 Prepare a vertical analysis of the 2022 income statement data for Vaughn Company and Mary Company. (Round percentages to 1 decimal place, eg. 12.1%) 34,200 Vaughn Company Condensed Income Statement Percent % % % % % % % % % 5 $ $ Dollars Man
Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter14: Financial Statement Analysis
Section: Chapter Questions
Problem 26E: Comprehensive income Anson Industries, Inc., reported the following information on its 20Y1 income...
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