Problem 2: The Statement of Comprehensive Income of Alexis Company is reproduced below: Net sales Cost of goods sold Selling expenses Administrative expenses Interest expense Net income 12/31/20R4 P3,375,000.00 2,092,500.00 540,000.00 270,000.00 148,500.00 P324,000.00 12/31/20R3 P2,700,000.00 1,755,000.00 Required: 1. Perform horizontal analysis for 20R4 using 20R3 as base year. 2. Perform vertical analysis for 20R4 and 20R3 income statement. 324,000.00 243,000.00 108,000.00 P270,000.00

Problem 2: The Statement of Comprehensive Income of Alexis Company is reproduced below: Net sales Cost of goods sold Selling expenses Administrative expenses Interest expense Net income 12/31/20R4 P3,375,000.00 2,092,500.00 540,000.00 270,000.00 148,500.00 P324,000.00 12/31/20R3 P2,700,000.00 1,755,000.00 Required: 1. Perform horizontal analysis for 20R4 using 20R3 as base year. 2. Perform vertical analysis for 20R4 and 20R3 income statement. 324,000.00 243,000.00 108,000.00 P270,000.00

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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