Prepare a vertical analysis of both the balance sheets and income statements for Year 4 and Year 3.Complete this question by entering your answers in the tabs below.Analysis AnalysisBal Sheet Inc StmtPrepare a vertical analysis of an income statements for Year 4 and Year 3. (Percentagesmay not add exactly due to rounding. Round your answers to 2 decimal places. (i.e., .2345should be entered as 23.45).)RevenuesSales (net)Other revenuesTotal revenuesRUNDLE COMPANYVertical Analysis of Income StatementsYear 4ExpensesCost of goods soldSelling, general, andadministrative expenseNet incomeInterest expenseIncome tax expenseTotal expensesAmount$230,3008,900239,200Percentageof Total119,40054,3006,70022,100202,500$36,700< Analysis Bal Sheet%%Year 3Amount$211,2005,300216,500103,00050,0005,90021,100180,000$Percentageof Total%%36,500Analysis Inc Stmt >Show less

VERTICAL ANALYSIS OF INCOME STATEMENT Vertical analysis is one of the important method of analyzing financial statements that list each line item as a percentage of a base figure within the financial statement of the Company. Vertical analysis of income statement shows the revenue or sales number as 100% and all other line items as a percentage of sales. Vertical analysis formula = (Statement line item / Total base figure) X 100. In Income Statement vertical analysis Total Base Figure is Sales of the Company.Requirement #1 :— Statement Showing Vertical Analysis of Income Statements. RUNDLE COMPANY Vertical Analysis of Income Statements Year 1 Year 2 Amount ($) Percentage of Total Amount ($) Percentage of Total Revenues Sales (net) 2,30,300.00 100.00 % 2,11,200.00 100.00 % Other revenues 8,900.00 3.86 5,300.00 2.51 Total revenues 2,39,200.00 103.86 2,16,500.00 102.51 Expenses Cost of goods sold 1,19,400.00 51.85 1,03,000.00 48.77 selling, general and administrative expenses 54,300.00 23.58 50,000.00 23.67 Interest expense 6,700.00 2.91 5,900.00 2.79 Income tax expense 22,100.00 9.60 21,100.00 9.99 Total expenses 2,02,500.00 87.93 1,80,000.00 85.23 Net Income 36,700.00 15.94 % 36,500.00 17.28 %

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Accounting

Prepare a vertical analysis of both the balance sheets and income statements for Year 4 and Year 3. Complete this question by entering your answers in the tabs below. Analysis Analysis Bal Sheet Inc Stmt Prepare a vertical analysis of an income statements for Year 4 and Year 3. (Percentages may not add exactly due to rounding. Round your answers to 2 decimal places. (i.e., .2345 should be entered as 23.45).) Revenues Sales (net) Other revenues Total revenues Expenses RUNDLE COMPANY Vertical Analysis of Income Statements Year 4 Cost of goods sold Selling, general, and administrative expense Interest expense Income tax expense Total expenses Net income Amount $ 230,300 8,900 239,200 119,400 54,300 6,700 22,100 202,500 $ Percentage of Total 36,700 < Analysis Bal Sheet % Year 3 % Amount $ 211,200 5,300 216,500 103,000 50,000 Percentage of Total % 5,900 21,100 180,000 $ 36,500 Analysis Inc Stmt > % Show less

Prepare a vertical analysis of both the balance sheets and income statements for Year 4 and Year 3. Complete this question by entering your answers in the tabs below. Analysis Analysis Bal Sheet Inc Stmt Prepare a vertical analysis of an income statements for Year 4 and Year 3. (Percentages may not add exactly due to rounding. Round your answers to 2 decimal places. (i.e., .2345 should be entered as 23.45).) Revenues Sales (net) Other revenues Total revenues Expenses RUNDLE COMPANY Vertical Analysis of Income Statements Year 4 Cost of goods sold Selling, general, and administrative expense Interest expense Income tax expense Total expenses Net income Amount $ 230,300 8,900 239,200 119,400 54,300 6,700 22,100 202,500 $ Percentage of Total 36,700 < Analysis Bal Sheet % Year 3 % Amount $ 211,200 5,300 216,500 103,000 50,000 Percentage of Total % 5,900 21,100 180,000 $ 36,500 Analysis Inc Stmt > % Show less

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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Novak Fashions needs to replace a beltloop attacher that currently costs the company $58,000 in annual cash operating costs. This machine is of no use to another company, but it could be sold as scrap for $3,128. Managers have identified a potential replacement machine, Euromat's Model HD-435. The HD-435 is priced at $93,000 and would cost Novak Fashions $38,000 in annual cash operating costs. The machine has a useful life of 8 years, and it is not expected to have any salvage value at the end of that time. Click here to view the factor table.
1. How often should income statements be prepared? 2. Which is more important a. Statement of financial position (balance sheet) or b. Statement of results of operation (income statement)? 3. Explain the following: a. Balance sheet for a specific date (for example, December 31, 20X1) b. Income statement is for a period of time (for example: For the Year Ended December 31, 20X1) 4. What are the advantages of multistep income statement over a single-step income statement? 5. Relate accounts in the income statement with those in the balance sheet. Discuss how the income statement accounts affect balance sheet accounts.
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1.) Solve the Income Statement of AAA Company using Horizontal Analysis. 2.) As a Financial Analyst how would you interpret the data?
Hi, coudl you help me fill this up please. The nature of teh account is between either; asset, liability, revenu and expense.
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Balance Sheet Prepare a horizontal analysis of the balance sheet for Year 4 and Year 3. Note: Negative answers should be indicated by a minus sign. Round your answers to 1 decimal place. (1.e., .234 should be entered as 23.4). Assets Current assets Cash Income Statement Marketable securities Accounts receivable (net) Inventories Prepaid Items Total current assets Investments Plant (net) Total long-term assets Total assets Liabilities and Stockholders' Equity Liabilities Current liabilities Terlam Notes payable Accounts payable Salaries payable Total current liabilites Noncurrent liabilities Bonds payable Other Total noncurrent liabilities Total abilities Stockholders' equity FRANKLIN COMPANY Horizontal Analysis of Balance Sheets Preferred stock (par value $10, 4% cumulative, nonparticipating: 6,300 shares authorized and issued) EMAIA Common stock (no par; 50,000 shares authorized, 10,000 shares issued) Retained earnings Total stockholders' equity Total habilities & stockholders equity…
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