QUESTION 4E18.4E18.4 (LO 2)Prepare vertical analysis.Operating data for Joshua Corporation are presented below.20202019Sales revenue$800,000$600,000Cost of goods soldSelling expenses520,000408,000120,00072,000Administrative expenses60,00048,000Income tax expense30,00024,000Net income70,00048,000InstructionsPrepare a schedule showing a vertical analysis for 2020 and 2019.QUESTION 5E18.5E18.5 (LO 2) Suppose the comparative balance sheets of Nike, Inc. are presented herPrepare horizontal and vertical analysesNike, Inc.Comparative Balance SheetsМау 31($ in millions)Assets20202019Current assets$ 9,734$ 8,839Property, plant, and equipment (net)1,9581,891Other assets1,5581,713Total assetS$13,250$12,443Liabilities and Stockholders' EquityCurrent liabilities$ 3,277$ 3,322Long-term liabilitiesStockholders' equityTotal liabilities and stockholders' equity1,2801,2968,6937,825$13,250$12,443Instructionsa. Prepare a horizontal analysis of the balance sheet data for Nike, using 2019 as a b(Show the amount of increase or decrease as well.)b. Prepare a vertical analysis of the balance sheet data for Nike for 2020.QUESTION 6E18.7F18 7 (IO 3) Nordstrom Inc onerates denartment stores in numerous states Sunno

Income statement: It is one of the financial statements prepared by an organization. This statement…

QUESTION 4 E18.4 E18.4 (LO 2) Prepare vertical analysis. Operating data for Joshua Corporation are presented below. 2020 2019 Sales revenue $800,000 $600,000 Cost of goods sold Selling expenses 520,000 408,000 120,000 72,000 Administrative expenses 60,000 48,000 Income tax expense 30,000 24,000 Net income 70,000 48,000 Instructions Prepare a schedule showing a vertical analysis for 2020 and 2019.

QUESTION 4 E18.4 E18.4 (LO 2) Prepare vertical analysis. Operating data for Joshua Corporation are presented below. 2020 2019 Sales revenue $800,000 $600,000 Cost of goods sold Selling expenses 520,000 408,000 120,000 72,000 Administrative expenses 60,000 48,000 Income tax expense 30,000 24,000 Net income 70,000 48,000 Instructions Prepare a schedule showing a vertical analysis for 2020 and 2019.

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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CALCULATE THE EBITDA For the year ended December 31, Notes 2020 2019 Revenue ₱ 10,775,731.00 ₱ 11,334,976.00 Cost of Sales 7,175,540.00 7,552,700.00 Gross profit 3,600,191.00 3,782,276.00 General and Administrative expenses 3,278,202.00 3,417,740.00 Finance Cost Or Interest Expense 48,000.00 16,000.00 Net Income before Tax 273,989.00 348,536.00 Provision for Income Tax 82,197.00 104,561.00 NET INCOME AFTER TAX ₱ 191,792.00 ₱ 243,975.00 (See Notes to Financial Statement)
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WHY THE FORECAST INCOME HSVE DEACLINE IN THE 2022 AND 2023 OF APPLE COMPANY
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