Segment AnalysisVerity Company does business in two customer segments: Retail and Wholesale. The following annual revenue information was determined from the accounting system's invoice information: 20Y5 20Y4Retail$145,400 $138,500Wholesale173,100 189,300Total revenue$318,500 $327,800Prepare a horizontal analysis of the segments. Round percentages to one decimal place. Enter negative values as negative numbers.Verity CompanyHorizontal AnalysisFor the Years 20Y4 and 20Y5 20Y520Y4Difference - AmountDifference - PercentRetail$145,400$138,500$fill in the blank fill in the blank %Wholesale173,100189,300fill in the blank fill in the blank %Total revenue$318,500$327,800$fill in the blank fill in the blank %Prepare a vertical analysis of the segments. If required, round percentages to one decimal place.Verity CompanyVertical AnalysisFor the Years 20Y4 and 20Y5 20Y5 Amount20Y5 Percent20Y4 Amount20Y4 PercentRetail$145,000fill in the blank $138,500fill in the blank 115f3401eff0fec_2%Wholesale173,100fill in the blank 189,300fill in the blank 115f3401eff0fec_4%Total revenue$318,500fill in the blank $327,800fill in the blank 115f3401eff0fec_6%

Vertical analysis: It is a method of analyzing the financial statement in which each item is shows as a percentage of some specific base figure. In income statement, each item shown as a percentage of Total sales. Verity Company Horizontal Analysis For the Years 20Y4 and 20Y5 20Y5 20Y4 Difference - Amount Difference - Percent Retail $145,400 $138,500 $6,900 5.0% Wholesale 173,100 189,300 -16,200 -8.6% Total revenue $318,500 $327,800 -9,300 -2.8% Verity Company Vertical Analysis For the Years 20Y4 and 20Y5 20Y5 Amount 20Y5 Percent 20Y4 Amount 20Y4 Percent Retail $145,000 45.5% $138,500 42.3% Wholesale 173,100 54.3% 189,300 57.7% Total revenue $318,500 100.0% $327,800 100.0%

Answered: Verity Company does business in two…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Question

Segment Analysis

Verity Company does business in two customer segments: Retail and Wholesale. The following annual revenue information was determined from the accounting system's invoice information:

	20Y5	20Y4
Retail	$145,400	$138,500
Wholesale	173,100	189,300
Total revenue	$318,500	$327,800

Prepare a horizontal analysis of the segments. Round percentages to one decimal place. Enter negative values as negative numbers.

Verity Company
Horizontal Analysis
For the Years 20Y4 and 20Y5
	20Y5	20Y4	Difference - Amount	Difference - Percent
Retail	$145,400	$138,500	$fill in the blank	fill in the blank %
Wholesale	173,100	189,300	fill in the blank	fill in the blank %
Total revenue	$318,500	$327,800	$fill in the blank	fill in the blank %

Prepare a vertical analysis of the segments. If required, round percentages to one decimal place.

Verity Company
Vertical Analysis
For the Years 20Y4 and 20Y5
	20Y5 Amount	20Y5 Percent	20Y4 Amount	20Y4 Percent
Retail	$145,000	fill in the blank	$138,500	fill in the blank 115f3401eff0fec_2%
Wholesale	173,100	fill in the blank	189,300	fill in the blank 115f3401eff0fec_4%
Total revenue	$318,500	fill in the blank	$327,800	fill in the blank 115f3401eff0fec_6%

Expert Solution

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions