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make a thorough analysis or explanation of this horizontal analysis comparative income statement.

make a thorough analysis or explanation of this horizontal analysis comparative income statement.

FINANCIAL ACCOUNTING
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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Kindly make a thorough analysis or explanation of this horizontal analysis comparative income statement.

Particulars Sales/Revenue Cost of Sales/Revenue Gross Income SG&A Expense Other Operating Expense Operating Expense Operating Income Net Interest Expenses EBT Including Unusual Items Income Tax Expense Total Expenses Net Income to Company Minitory Interest in Earnings Net Income to Stockholders Preferred Dividends and Other Adj. Net Income to Common Excl. Extra Items Basic EPS (Cont. Ops.) Diluted EPS (Cont. Ops.) Weighted Average Basic Shares Out Weighted Average Diluted Shares Out EBITDA EBIT Revenue (Reported) Operating Income (Reported) Operating Income (Adjusted) 2017-2018 Increase or Decrease Amount P15,930.90 3,552.90 P12,378.00 P951.10 4,602.40 P5,553.50 P6,824.50 753.00 P6,071.50 2,529.90 P8,836.40 P3,541.60 33.20 P3,574.80 (0.40) 3,575.20 26.69 P26.39 0.10 P0.40 P11,467.30 8,535.00 P15,930.90 0.00 8,535.00 Percent 11.78% 12.21% 11.66% 1.94% 14.96% 6.97% 25.74% 15.16% 28.18% 39.18% 9.70% 13.48% (180.43%) 23.73% (3.60%) 23.75% 24.07% 24.21% 0.08% 0.30% 19.97% 28.64% 11.78% 0.00% 28.64% 2018-2019 Increase or decrease Amount Percent 10.24% (2.75%) 13.82% P15,487.50 (899.20) P16,386.70 P6,161.30 4,495.00 P10,656.30 P5,730.40 516.30 P5,214.10 1,556.20 P12,728.80 P3,657.90 (29.20) P3,628.70 0.5 P3,628.20 27.05 26.8 0.20 0.30 P10,043.30 6,462.00 P15,487.50 0.00 6,462.00 12.35% 12.71% 12.50% 17.19% 9.03% 18.88% 17.32% 12.73% 19.64% (197.30%) 19.64% 4.67% 19.48% 19.90% 19.79% 0.15% 0.22% 14.58% 16.85% 10.24% 0 16.85% 2019-2020 Increase or decrease Amount Percent (P6,140.80) (3.68%) (14.05%) (4,459.90) (P1,680.90) (1.25%) (P576.00) (1.03%) 4,044.10 10.15% P3,468.10 3.62% (P5,149.00) 13.18% 538.70 8.64% (P5,687.70) (0.1733) (0.1922) 1.76% (P3,660.70) (16.43%) (2,027.00) P1,979.80 (30.30) (P3,691.00) P0.70 (P3,691.70) (27.92) (27.80) 0.20 0.30 (P7,915.90) (2,351.60) (P6,140.80) 0.00 (2,351.60) 210.42% 16.57% 6.25% 16.59% 17.13% 17.14% 0.15% 0.22% 10.03% 5.25% 3.70% 0 5.25% 2020-2021 Increase or decrease Amount P7,341.30 2,666.00 P4,675.30 4,364.30 (3,231.60) P1,132.70 P3,542.60 1,642.60 1,900.00 (3,200.70) (P425.40) P5,100.70 (26.30) P5,074.40 (1.70) P5,076.10 38.14 37.86 0.20 0.20 (P1,233.80) (5,406.30) P7,341.30 0.00 (5,406.30) Percent 4.60% 9.80% 3.50% 7.90% (7.40%) 1.14% 10.45% 24.25% 7% (37.58%) (0.37%) 27.39% 58.84% 27.31% (14.30%) 27.34% 28.24% 28.17% 0.15% 0.15% (1.74%) (12.74%) 4.57% 0 (12.74%)
Transcribed Image Text:Particulars Sales/Revenue Cost of Sales/Revenue Gross Income SG&A Expense Other Operating Expense Operating Expense Operating Income Net Interest Expenses EBT Including Unusual Items Income Tax Expense Total Expenses Net Income to Company Minitory Interest in Earnings Net Income to Stockholders Preferred Dividends and Other Adj. Net Income to Common Excl. Extra Items Basic EPS (Cont. Ops.) Diluted EPS (Cont. Ops.) Weighted Average Basic Shares Out Weighted Average Diluted Shares Out EBITDA EBIT Revenue (Reported) Operating Income (Reported) Operating Income (Adjusted) 2017-2018 Increase or Decrease Amount P15,930.90 3,552.90 P12,378.00 P951.10 4,602.40 P5,553.50 P6,824.50 753.00 P6,071.50 2,529.90 P8,836.40 P3,541.60 33.20 P3,574.80 (0.40) 3,575.20 26.69 P26.39 0.10 P0.40 P11,467.30 8,535.00 P15,930.90 0.00 8,535.00 Percent 11.78% 12.21% 11.66% 1.94% 14.96% 6.97% 25.74% 15.16% 28.18% 39.18% 9.70% 13.48% (180.43%) 23.73% (3.60%) 23.75% 24.07% 24.21% 0.08% 0.30% 19.97% 28.64% 11.78% 0.00% 28.64% 2018-2019 Increase or decrease Amount Percent 10.24% (2.75%) 13.82% P15,487.50 (899.20) P16,386.70 P6,161.30 4,495.00 P10,656.30 P5,730.40 516.30 P5,214.10 1,556.20 P12,728.80 P3,657.90 (29.20) P3,628.70 0.5 P3,628.20 27.05 26.8 0.20 0.30 P10,043.30 6,462.00 P15,487.50 0.00 6,462.00 12.35% 12.71% 12.50% 17.19% 9.03% 18.88% 17.32% 12.73% 19.64% (197.30%) 19.64% 4.67% 19.48% 19.90% 19.79% 0.15% 0.22% 14.58% 16.85% 10.24% 0 16.85% 2019-2020 Increase or decrease Amount Percent (P6,140.80) (3.68%) (14.05%) (4,459.90) (P1,680.90) (1.25%) (P576.00) (1.03%) 4,044.10 10.15% P3,468.10 3.62% (P5,149.00) 13.18% 538.70 8.64% (P5,687.70) (0.1733) (0.1922) 1.76% (P3,660.70) (16.43%) (2,027.00) P1,979.80 (30.30) (P3,691.00) P0.70 (P3,691.70) (27.92) (27.80) 0.20 0.30 (P7,915.90) (2,351.60) (P6,140.80) 0.00 (2,351.60) 210.42% 16.57% 6.25% 16.59% 17.13% 17.14% 0.15% 0.22% 10.03% 5.25% 3.70% 0 5.25% 2020-2021 Increase or decrease Amount P7,341.30 2,666.00 P4,675.30 4,364.30 (3,231.60) P1,132.70 P3,542.60 1,642.60 1,900.00 (3,200.70) (P425.40) P5,100.70 (26.30) P5,074.40 (1.70) P5,076.10 38.14 37.86 0.20 0.20 (P1,233.80) (5,406.30) P7,341.30 0.00 (5,406.30) Percent 4.60% 9.80% 3.50% 7.90% (7.40%) 1.14% 10.45% 24.25% 7% (37.58%) (0.37%) 27.39% 58.84% 27.31% (14.30%) 27.34% 28.24% 28.17% 0.15% 0.15% (1.74%) (12.74%) 4.57% 0 (12.74%)
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