I.Complete the horizontal analysis below. Use the name of the company you belong to in your iLSActivity. Round off your answers to the nearest hundredths.Name:Income Statement for the years endingDecember 31, 201X and December 31, 201Y20152016Annual PercentageGrowth 2015-2016Sales475,000500,0001.Cost of Goods Sold265,000269,0002.Gross Profit210,000231,0003.Wages154,000163,0004.Repairs5,8004,1505.Rent13,00012,0006.Taxes16,94017,9307.Office Expenses1,0235878.Total Expenses190,763197,6679.Net Income19,23733,33310.II. Analyze the following ratios (Good/Not good, Undervalued/Overvalued, or just OK) based on thegiven industry averages. Write the answers in the spaces provided.RatiosAnnual DataIndustry AverageInterpretationCurrent5.74Days Sales Outstanding37 days42 daysTotal Debt to Total Capital47.80%32.60%Times-Interest Earned2.26Profit Margin6.10%6.00%Return on Invested Capital10.03%10.00%Enterprise Value to EBITDA0.871.12III. Provide a decision for each analysis.

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I. Complete the horizontal analysis below. Use the name of the company you belong to in your iLS Activity. Round off your answers to the nearest hundredths. Name: Income Statement for the years ending December 31, 201X and December 31, 201Y 2016 Annual Percentage Growth 2015-2016 Sales 500,000 1. Cost of Goods Sold 269,000 2. Gross Profit 231,000 3. Wages 163,000 Repairs 4,150 Rent 12,000 Taxes 17,930 Office Expenses 587 Total Expenses 197,667 Net Income 33,333 2015 475,000 265,000 210,000 154,000 5,800 13,000 16,940 1,023 190,763 19,237 4567 4. 5. 6. 7. 8. 9. 10.

I. Complete the horizontal analysis below. Use the name of the company you belong to in your iLS Activity. Round off your answers to the nearest hundredths. Name: Income Statement for the years ending December 31, 201X and December 31, 201Y 2016 Annual Percentage Growth 2015-2016 Sales 500,000 1. Cost of Goods Sold 269,000 2. Gross Profit 231,000 3. Wages 163,000 Repairs 4,150 Rent 12,000 Taxes 17,930 Office Expenses 587 Total Expenses 197,667 Net Income 33,333 2015 475,000 265,000 210,000 154,000 5,800 13,000 16,940 1,023 190,763 19,237 4567 4. 5. 6. 7. 8. 9. 10.

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 40E: Cuneo Companys income statements for the last 3 years are as follows: Refer to the information for...

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Cuneo Companys income statements for the last 3 years are as follows: Refer to the information for Cuneo Company above. Required: 1. Prepare a common-size income statement for Year 1 by expressing each line item as a percentage of sales revenue. (Note: Round percentages to the nearest tenth of a percent.) 2. Prepare a common-size income statement for Year 2 by expressing each line item as a percentage of sales revenue. (Note: Round percentages to the nearest tenth of a percent.) 3. Prepare a common-size income statement for Year 3 by expressing each line item as a percentage of sales revenue. (Note: Round percentages to the nearest tenth of a percent.)
The following select account data is taken from the records of Carnival Express for 2019. A. Use the data provided to compute net sales for 2019. B. Prepare a simple income statement for the year ended December 31, 2019. C. Compute the gross margin for 2019. D. Prepare a multi-step income statement for the year ended December 31, 2019.
Jasmine Company provided the following income statements for its first 3 years of operation: Refer to the information for Jasmine Company above. Required: Prepare common-size income statements by using net sales as the base. (Note: Round answers to the nearest whole percentage.)
Perform a horizontal and vertical analysis. Use 1 decimal place for percentage result on vertical analysis.
Please help me with show all calculation thanku
2. Complete the below table to calculate income statement data in common-size percents. (Round your percentage answers to 2 decimal places.) KORBIN COMPANY Common-Size Comparative Income Statements For Years Ended December 31, 2019, 2018, and 2017 2019 2018 2017 Sales % % % Cost of goods sold -1 -1 -1 Gross profit Selling expenses -1 -1 -1 Administrative expenses -1 -1 -1 Total expenses Income before taxes -1 -1 -1 Income tax expense -1 -1 -1 Net income % % % See picture
Tamarisk, Inc. has the following Income Statement (in millions): TAMARISK, INC.Income StatementFor the Year Ended December 31, 2023 Net Sales $174 Cost of Goods Sold 101 Gross Profit 73 Operating Expenses 40 Net Income $ 33 Using vertical analysis, what percentage is assigned to net sales?
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Splish Brothers Inc. has the following income statement (in millions): SPLISH BROTHERS INC.Income StatementFor the Year Ended December 31, 2023 Net Sales $250 Cost of Goods Sold 175 Gross Profit 75 Operating Expenses 50 Net Income $ 25 Using vertical analysis, what percentage is assigned to net income?
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GIVE THE COMPARATIVE INCOME STATEMENT HORIZONTAL AND VERTICAL ANALYSIS FROM THE FOLLOWING INCOME STATEMENT BELOW JOLLIBEE INCOME STATEMENT ITEM 2016 2017 2018 2019 2020 Sales/Revenue 113.81B 133.61B 161.17B 179.63B 129.31B Sales Growth - 17.40% 20.62% 11.45% -28.01% Cost of Goods Sold (COGS) incl. D&A - - 132.96B 150.88B 115.39B COGS Growth - - - 13.47% -23.52% COGS excluding D&A 89.27B 105.39B 121.08B 137.38B 100.82B Depreciation & Amortization Expense 4B 4.75B 11.89B 13.5B 14.57B Depreciation 3.93B 4.66B 11.73B 13.34B 14.32B Amortization of Intangibles 68.99M 78.95M 151.82M 145.42M 245.23M Gross Income 20.54B 23.48B 28.21B 28.75B 13.92B Gross Income Growth - 14.30% 20.12% 1.93% -51.57% Gross Profit Margin - - - - 10.77% SG&A Expense - - 17.64B 20.21B 20.42B SGA Growth - - -…
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