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TRASCHAL Income Statements Sales Cost of goods sold i Selling expenses Administrative expenses Interest expense Total expenses Income before taxes Income taxes expense Net Income Year 4 $200,900 143,400 21,000 Sales Cost of goods sold Selling expenses 13,000 3,900 Required a. Perform a horizontal analysis, showing the percentage change in each income statement component between Year 3 and Year 4. b. Perform a vertical analysis, showing each income statement component as a percentage of sales for each year. Administrative expenses Interest expense Total expenses Income before taxes Income taxes expense $181,300 $161,300 19,600 19,600 5,400 3,800 $ 14,200 $ 15,000 Complete this question by entering your answers in the tabs below. Year 3 $180,900 121,400 19,000 15,000 5,900 Required A Required B Perform a horizontal analysis, showing the percentage change in each income statement component between Year 3 and Year 4. (Negative answers should be indicated by a minus sign. Round your percentage answers to 1 decimal place. (.e., 0.234 should be entered as 23.4).) STUART COMPANY Horizontal Analysis of Income Statements Percentage Change over Year 3

TRASCHAL Income Statements Sales Cost of goods sold i Selling expenses Administrative expenses Interest expense Total expenses Income before taxes Income taxes expense Net Income Year 4 $200,900 143,400 21,000 Sales Cost of goods sold Selling expenses 13,000 3,900 Required a. Perform a horizontal analysis, showing the percentage change in each income statement component between Year 3 and Year 4. b. Perform a vertical analysis, showing each income statement component as a percentage of sales for each year. Administrative expenses Interest expense Total expenses Income before taxes Income taxes expense $181,300 $161,300 19,600 19,600 5,400 3,800 $ 14,200 $ 15,000 Complete this question by entering your answers in the tabs below. Year 3 $180,900 121,400 19,000 15,000 5,900 Required A Required B Perform a horizontal analysis, showing the percentage change in each income statement component between Year 3 and Year 4. (Negative answers should be indicated by a minus sign. Round your percentage answers to 1 decimal place. (.e., 0.234 should be entered as 23.4).) STUART COMPANY Horizontal Analysis of Income Statements Percentage Change over Year 3

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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TUMAT VAL Income Statements Sales I Cost of goods sold Selling expenses Administrative expenses Interest expense Total expenses Income before taxes Income taxes expense Net Income Year 3 $180,900 121,400 19,000 15,000 5,900 $161,300 19,600 3,800 $ 14,200 $ 15,800 Year 4. $200,900 Required a. Perform a horizontal analysis, showing the percentage change in each income statement component between Year 3 and Year 4. b. Perform a vertical analysis, showing each income statement component as a percentage of sales for each year. Sales Cost of goods sold Selling expenses 143,400 21,000 13,000 3,900 $181,300 19,600 5,400 Complete this question by entering your answers in the tabs below. Required A Required B Perform a horizontal analysis, showing the percentage change in each income statement component between Year 3 and Year 4. (Negative answers should be indicated by a minus sign. Round your percentage answers to 1 decimal place. (.e., 0.234 should be entered as 23.4).) Administrative expenses Interest expense Total expenses Income before taxes Income taxes expense Net income (loss) STUART COMPANY Horizontal Analysis of Income Statements Percentage Change over Year 3
Transcribed Image Text:TUMAT VAL Income Statements Sales I Cost of goods sold Selling expenses Administrative expenses Interest expense Total expenses Income before taxes Income taxes expense Net Income Year 3 $180,900 121,400 19,000 15,000 5,900 $161,300 19,600 3,800 $ 14,200 $ 15,800 Year 4. $200,900 Required a. Perform a horizontal analysis, showing the percentage change in each income statement component between Year 3 and Year 4. b. Perform a vertical analysis, showing each income statement component as a percentage of sales for each year. Sales Cost of goods sold Selling expenses 143,400 21,000 13,000 3,900 $181,300 19,600 5,400 Complete this question by entering your answers in the tabs below. Required A Required B Perform a horizontal analysis, showing the percentage change in each income statement component between Year 3 and Year 4. (Negative answers should be indicated by a minus sign. Round your percentage answers to 1 decimal place. (.e., 0.234 should be entered as 23.4).) Administrative expenses Interest expense Total expenses Income before taxes Income taxes expense Net income (loss) STUART COMPANY Horizontal Analysis of Income Statements Percentage Change over Year 3
es Selling expenses Administrative expenses Interest expense Total expenses Income before taxes Income taxes expense Net income 21,000 13,000 3,900 19,000 15,000 5,900 $181,300 $161,300 19,600 5,400 19,600 3,800 $ 14,200 $ 15,800 Required a. Perform a horizontal analysis, showing the percentage change in each income statement component between Year 3 and Year b. Perform a vertical analysis, showing each income statement component as a percentage of sales for each year. Sales Cost of goods sold Selling expenses Administrative expenses Interest expense Total expenses Income before taxes Income taxes expense Net income Complete this question by entering your answers in the tabs below. Required A Required B Perform a vertical analysis, showing each income statement component as a percentage of sales for each year. (Percentages may not add exactly due to rounding. Round your percentage answers to 1 decimal place. (i.e., 0.234 should be entered as 23.4).) STUART COMPANY Vertical Analysis of Income Statements Percentage of Sales Year 4 Percentage of Sales Year 31 %
Transcribed Image Text:es Selling expenses Administrative expenses Interest expense Total expenses Income before taxes Income taxes expense Net income 21,000 13,000 3,900 19,000 15,000 5,900 $181,300 $161,300 19,600 5,400 19,600 3,800 $ 14,200 $ 15,800 Required a. Perform a horizontal analysis, showing the percentage change in each income statement component between Year 3 and Year b. Perform a vertical analysis, showing each income statement component as a percentage of sales for each year. Sales Cost of goods sold Selling expenses Administrative expenses Interest expense Total expenses Income before taxes Income taxes expense Net income Complete this question by entering your answers in the tabs below. Required A Required B Perform a vertical analysis, showing each income statement component as a percentage of sales for each year. (Percentages may not add exactly due to rounding. Round your percentage answers to 1 decimal place. (i.e., 0.234 should be entered as 23.4).) STUART COMPANY Vertical Analysis of Income Statements Percentage of Sales Year 4 Percentage of Sales Year 31 %
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