information in this worksheet to complete Wk 4 Practice.orthside Medical Balance Sheet December 31, Table 1: A2-C19Current AssetsInvestmentsCurrent liabilitiesSales RevenueCosts and expensesCash and cash equivalentsAccounts receivable (net)InventoryPrepaid expensesTotal current assetsIncome before income taxesProperty, plant, and equipmentIntangibles and other assetsTotal assetsLong-term liabilitiesStockholder's equity - commonTotal liabilities and stockholder's equityIncome Statement For the Years Ended December 31, Table 2: A21-C332022Cost of goods soldSelling and Administrative expensesInterest expenseTotal costs and expenses2022 2021Income tax expenseNet Income3304704601201,380104205302,3409007904103801,0301,0402,340 2.2103,8009552,400253,3803604003901601,31042012629410380510221020213,4608902,330203,24022066154 For an accessible version, see the Excel spreadsheet.ExampleCash and cashequivalentsBlank 1Step 1: Blank 1; - Blank 2; = Blank 3;Step 2: Blank 4; Blank 5; = Blank 6%Blank 2Blank 3...... AAdd your answerAdd your answerAdd your answer2022AddrawUE$330Calculate the 2022 Horizontal Analysis variance of "Selling and Administrative Expenses" in %. Fill in the equations using the financialstatements provided (no symbols or commas) and the % should be in a XX.XX format:Last saved 3:49:34 PM2021$3602022 2021 #-$30Answer / 2021-0.083333333Update to %-8.30%

The analysis which is done by the entity to compare the data for two years is referred to as the…

information in this worksheet to complete Wk 4 Practice. orthside Medical Balance Sheet December 31, Table 1: A2-C19 Current Assets Investments Current liabilities Sales Revenue Costs and expenses Cash and cash equivalents Accounts receivable (net) Income before income taxes 330 470 Inventory 460 Prepaid expenses 120 Total current assets 1,380 Property, plant, and equipment Intangibles and other assets Total assets Long-term liabilities Stockholder's equity - common Total liabilities and stockholder's equity 2022 Cost of goods sold Selling and Administrative expenses Interest expense Total costs and expenses Income Statement For the Years Ended December 31, Table 2: A21-C33 2022 Income tax expense Net Income 10 420 530 2.340 900 410 1,030 2.340 3,800 955 2,400 25 3,380 2021 420 126 294 360 400 390 160 1,310 10 380 510 2210 790 380 1.040 2.210 2021 3,460 890 2,330 20 3,240 220 66 154

information in this worksheet to complete Wk 4 Practice. orthside Medical Balance Sheet December 31, Table 1: A2-C19 Current Assets Investments Current liabilities Sales Revenue Costs and expenses Cash and cash equivalents Accounts receivable (net) Income before income taxes 330 470 Inventory 460 Prepaid expenses 120 Total current assets 1,380 Property, plant, and equipment Intangibles and other assets Total assets Long-term liabilities Stockholder's equity - common Total liabilities and stockholder's equity 2022 Cost of goods sold Selling and Administrative expenses Interest expense Total costs and expenses Income Statement For the Years Ended December 31, Table 2: A21-C33 2022 Income tax expense Net Income 10 420 530 2.340 900 410 1,030 2.340 3,800 955 2,400 25 3,380 2021 420 126 294 360 400 390 160 1,310 10 380 510 2210 790 380 1.040 2.210 2021 3,460 890 2,330 20 3,240 220 66 154

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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