Horizontal Analysis of Income Statements Consolidated income statements for Cooper Manufacturing follow. Cooper Manufacturing Consolidated Income Statements (in thousands except per share amounts) Sales Costs and expenses: Cost of goods sold Research and development Selling, general, and administrative Restructuring costs and other Operating income Interest and other income, net Income before income taxes Provision for income taxes Net income Earnings per common and common equivalent share Common and common equivalent shares used in the calculations of earnings per share Required: Sales Costs and expenses: Cost of goods sold Research and development Selling, general, and administrative Restructuring costs and other Operating income Interest and other income, net Income before income taxes Provision for income taxes Net income Earnings per common and common equivalent share 2023 % % % % % Prepare common size income statements for horizontal analysis. Enter your answers in percentage terms, rounded to two decimal places, and do not include the "%" sign with your answer. For example, "100.00" or "28.72". For those boxes in which underlying dollar amount is shown as negative, use a minus sign. You do not need to include the actual dollar amounts shown above. Cooper Manufacturing Consolidated Income Statements % % % % % % Three fiscal years ended December 31 2023 2022 2021 $10,088,322 $7,976,954 $7,211,542 % $6,844,915 592,001 1,384,111 (126,855) $8,694,172 $1,394,150 (21,988) $1,372,162 381,525 $990,637 $3.43 288,740 2022 % % % % % % % % % % % $5,107,113 664,564 1,550,857 320,856 $7,643,390 $333,564 29,321 $362,885 50,104 $312,781 % 2021 264,985 % % % % % % % % % % $1.18 % % $4,078,989 632,135 1,717,770 50,000 $6,478,894 $732,648 54,634 $787,282 315,430 $471,852 $1.58 298,110
Horizontal Analysis of Income Statements Consolidated income statements for Cooper Manufacturing follow. Cooper Manufacturing Consolidated Income Statements (in thousands except per share amounts) Sales Costs and expenses: Cost of goods sold Research and development Selling, general, and administrative Restructuring costs and other Operating income Interest and other income, net Income before income taxes Provision for income taxes Net income Earnings per common and common equivalent share Common and common equivalent shares used in the calculations of earnings per share Required: Sales Costs and expenses: Cost of goods sold Research and development Selling, general, and administrative Restructuring costs and other Operating income Interest and other income, net Income before income taxes Provision for income taxes Net income Earnings per common and common equivalent share 2023 % % % % % Prepare common size income statements for horizontal analysis. Enter your answers in percentage terms, rounded to two decimal places, and do not include the "%" sign with your answer. For example, "100.00" or "28.72". For those boxes in which underlying dollar amount is shown as negative, use a minus sign. You do not need to include the actual dollar amounts shown above. Cooper Manufacturing Consolidated Income Statements % % % % % % Three fiscal years ended December 31 2023 2022 2021 $10,088,322 $7,976,954 $7,211,542 % $6,844,915 592,001 1,384,111 (126,855) $8,694,172 $1,394,150 (21,988) $1,372,162 381,525 $990,637 $3.43 288,740 2022 % % % % % % % % % % % $5,107,113 664,564 1,550,857 320,856 $7,643,390 $333,564 29,321 $362,885 50,104 $312,781 % 2021 264,985 % % % % % % % % % % $1.18 % % $4,078,989 632,135 1,717,770 50,000 $6,478,894 $732,648 54,634 $787,282 315,430 $471,852 $1.58 298,110
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Transcribed Image Text:Horizontal Analysis of Income Statements
Consolidated income statements for Cooper Manufacturing follow.
Cooper Manufacturing
Consolidated Income Statements
(in thousands except per share amounts)
Sales
Costs and expenses:
Cost of goods sold
Research and development
Selling, general, and administrative
Restructuring costs and other
Operating income
Interest and other income, net
Income before income taxes
Provision for income taxes
Net income
Earnings per common and common equivalent share
Common and common equivalent shares used
in the calculations of earnings per share
Required:
Sales
Costs and expenses:
Cost of goods sold
Research and development
Selling, general, and administrative
Restructuring costs and other
Operating income
Interest and other income, net
Income before income taxes
Provision for income taxes
Net income
Earnings per common and common equivalent share
2023
%
%
%
%
%
%
Prepare common size income statements for horizontal analysis. Enter your
answers in percentage terms, rounded to two decimal places, and do not
include the "%" sign with your answer. For example, "100.00" or "28.72".
For those boxes in which underlying dollar amount is shown as negative, use a
minus sign. You do not need to include the actual dollar amounts shown above.
Cooper Manufacturing
Consolidated Income Statements
%
%
%
%
%
Three fiscal years ended December 31
2023
2021
%
$10,088,322
$6,844,915
592,001
1,384,111
(126,855)
$8,694,172
$1,394,150
(21,988)
$1,372,162
381,525
$990,637
$3.43
288,740
2022
%
%
%
%
%
%
%
%
%
8°º°º
%
%
%
2022
$7,976,954
$5,107,113
664,564
1,550,857
320,856
$7,643,390
$333,564
29,321
$362,885
50,104
$312,781
2021
264,985
%
%
%
%
%
%
%
%
%
%
$1.18
%
%
$7,211,542
$4,078,989
632,135
1,717,770
50,000
$6,478,894
$732,648
54,634
$787,282
315,430
$471,852
$1.58
298,110
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