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QUESTION 1 BE 18.4 BE18.4 (LO 2) Using these data from the comparative balance sheet of Rollaird Company, perform horizontal analysis. Prepare horizontal analysis. December 31, 2020 December 31, 2019 Accounts receivable $ 460,000 $ 400,000 Inventory 780,000 650,000 Total assets 3,164,000 2,800,000

QUESTION 1 BE 18.4 BE18.4 (LO 2) Using these data from the comparative balance sheet of Rollaird Company, perform horizontal analysis. Prepare horizontal analysis. December 31, 2020 December 31, 2019 Accounts receivable $ 460,000 $ 400,000 Inventory 780,000 650,000 Total assets 3,164,000 2,800,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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CELCOM Stay Safe Stay. .l 4G 68 00:59 Tutorial 6 - Qs Brief (1) TUTORIAL 6/ CHAPTER 18 FINANCIAL STATEMENT ANALYSIS QUESTION 1 BE 18.4 BE18.4 (LO 2) Using these data from the comparative balance sheet of Rollaird Company, perform horizontal analysis. Prepare horizontal analysis. December 31, 2020 December 31, 2019 Accounts receivable $ 460,000 $ 400,000 Inventory 780,000 650,000 Total assets 3,164,000 2,800,000 QUESTION 2 ВЕ 18.8 BE18.8 (LO 2) Vertical analysis (common-size) percentages for Palau Company's sale revenue, cost of goods sold, and expenses are as follows. Analyze change in net income. Vertical Analysis 2020 2019 2018 Sales revenue 100.0% 100.0% 100.0% Cost of goods sold 60.5 62.9 64.8 Expenses Did Palau's net income as a percent of sales increase, decrease, or remain unchanged over the 3-year period? Provide numerical support for your answer. 26.0 26.6 27.5 QUESTION 3 Е 18.3 E18.3 (LO 2) Prepare horizontal analysis Here is financial information for Glitter Inc. December 31, 2020 December 31, 2019 Current assets $106,000 $ 90,000 Plant assets (net) 400,000 350,000 Current liabilities 99,000 65,000 Long-term liabilities Common stock, $1 122,000 90,000 par 130,000 115,000 Retained earnings 155,000 170,000 Instructions Prepare a schedule showing a horizontal analysis for 2020, using 2019 as the base y QUESTION 4 E18.4 E18 4 (I O 2) Oneratina data for Joshua Cornoration gre presented belou
Transcribed Image Text:CELCOM Stay Safe Stay. .l 4G 68 00:59 Tutorial 6 - Qs Brief (1) TUTORIAL 6/ CHAPTER 18 FINANCIAL STATEMENT ANALYSIS QUESTION 1 BE 18.4 BE18.4 (LO 2) Using these data from the comparative balance sheet of Rollaird Company, perform horizontal analysis. Prepare horizontal analysis. December 31, 2020 December 31, 2019 Accounts receivable $ 460,000 $ 400,000 Inventory 780,000 650,000 Total assets 3,164,000 2,800,000 QUESTION 2 ВЕ 18.8 BE18.8 (LO 2) Vertical analysis (common-size) percentages for Palau Company's sale revenue, cost of goods sold, and expenses are as follows. Analyze change in net income. Vertical Analysis 2020 2019 2018 Sales revenue 100.0% 100.0% 100.0% Cost of goods sold 60.5 62.9 64.8 Expenses Did Palau's net income as a percent of sales increase, decrease, or remain unchanged over the 3-year period? Provide numerical support for your answer. 26.0 26.6 27.5 QUESTION 3 Е 18.3 E18.3 (LO 2) Prepare horizontal analysis Here is financial information for Glitter Inc. December 31, 2020 December 31, 2019 Current assets $106,000 $ 90,000 Plant assets (net) 400,000 350,000 Current liabilities 99,000 65,000 Long-term liabilities Common stock, $1 122,000 90,000 par 130,000 115,000 Retained earnings 155,000 170,000 Instructions Prepare a schedule showing a horizontal analysis for 2020, using 2019 as the base y QUESTION 4 E18.4 E18 4 (I O 2) Oneratina data for Joshua Cornoration gre presented belou
CELCOM Stay Safe Stay. all 4G 68 '00:59 Edit 88 15 QUESTION 1 BE 18.4 BE18.4 (LO 2) Using these data from the comparative balance sheet of Rollaird Company, perform horizontal analysis. Prepare horizontal analysis. December 31, 2020 December 31, 2019 Accounts receivable $ 460,000 $ 400,000 Inventory 780,000 650,000 Total assets 3,164,000 2,800,000 QUESTION 2 ВЕ 18.8 BE18.8 (LO 2) Vertical analysis (common-size) percentages for Palau Company's sale revenue, cost of goods sold, and expenses are as follows. Analyze change in net income. Vertical Analysis 2020 2019 2018 Sales revenue 100.0% 100.0% 100.0% Cost of goods sold 60.5 62.9 64.8 Expenses Did Palau's net income as a percent of sales increase, decrease, or remain unchanged over the 3-year period? Provide numerical support for your answer. 26.0 26.6 27.5 QUESTION 3 Е 18.3 E18.3 (LO 2) Prepare horizontal analysis Here is financial information for Glitter Inc. December 31, 2020 December 31, 2019 Current assets $106,000 $ 90,000 Plant assets (net) 400,000 350,000 Current liabilities 99,000 65,000 Long-term liabilities Common stock, $1 122,000 90,000 par 130,000 115,000 Retained earnings 155,000 170,000 Instructions Prepare a schedule showing a horizontal analysis for 2020 using 2019 as the base y 1/6 Tools Mobile View Share Edit on PC Assistant
Transcribed Image Text:CELCOM Stay Safe Stay. all 4G 68 '00:59 Edit 88 15 QUESTION 1 BE 18.4 BE18.4 (LO 2) Using these data from the comparative balance sheet of Rollaird Company, perform horizontal analysis. Prepare horizontal analysis. December 31, 2020 December 31, 2019 Accounts receivable $ 460,000 $ 400,000 Inventory 780,000 650,000 Total assets 3,164,000 2,800,000 QUESTION 2 ВЕ 18.8 BE18.8 (LO 2) Vertical analysis (common-size) percentages for Palau Company's sale revenue, cost of goods sold, and expenses are as follows. Analyze change in net income. Vertical Analysis 2020 2019 2018 Sales revenue 100.0% 100.0% 100.0% Cost of goods sold 60.5 62.9 64.8 Expenses Did Palau's net income as a percent of sales increase, decrease, or remain unchanged over the 3-year period? Provide numerical support for your answer. 26.0 26.6 27.5 QUESTION 3 Е 18.3 E18.3 (LO 2) Prepare horizontal analysis Here is financial information for Glitter Inc. December 31, 2020 December 31, 2019 Current assets $106,000 $ 90,000 Plant assets (net) 400,000 350,000 Current liabilities 99,000 65,000 Long-term liabilities Common stock, $1 122,000 90,000 par 130,000 115,000 Retained earnings 155,000 170,000 Instructions Prepare a schedule showing a horizontal analysis for 2020 using 2019 as the base y 1/6 Tools Mobile View Share Edit on PC Assistant
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