The vertical analysis of an income statement for Woof & Meow Pet Supply, for the 3 rd quarter 2015 if gross sales $ 224 , 400 , sales returns and allowances is $ 14 , 300 , merchandise inventory is J u l y , 1 $ 165 , 000 , merchandise inventory September 30 $ 143 , 320 , net purchases is $ 76 , 500 , total operating expenses is $ 68 , 600 and income tax is $ 8 , 790 .

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Answer 1

Question

Chapter 15, Problem 9AT

(a)

To determine

To calculate: The vertical analysis of an income statement for Woof & Meow Pet Supply, for the 3^rd quarter 2015 if gross sales $224,400, sales returns and allowances is $14,300, merchandise inventory is July,1 $165,000, merchandise inventory September30 $143,320, net purchases is $76,500, total operating expenses is $68,600 and income tax is $8,790.

(b)

To determine

To calculate: The horizontal analysis of an income statement for Woof & Meow Pet Supply, for the 4^th quarter 2015 if gross sales $218,200, sales returns and allowances is $9,500, merchandise inventory is October,1 $143,320, merchandise inventory December31 $125,300, net purchases is $81,200, total operating expenses is $77,300 and income tax is $11,340.

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Answer 2

Question

Chapter 15, Problem 9AT

(a)

To determine

To calculate: The vertical analysis of an income statement for Woof & Meow Pet Supply, for the 3^rd quarter 2015 if gross sales $224,400, sales returns and allowances is $14,300, merchandise inventory is July,1 $165,000, merchandise inventory September30 $143,320, net purchases is $76,500, total operating expenses is $68,600 and income tax is $8,790.

(b)

To determine

To calculate: The horizontal analysis of an income statement for Woof & Meow Pet Supply, for the 4^th quarter 2015 if gross sales $218,200, sales returns and allowances is $9,500, merchandise inventory is October,1 $143,320, merchandise inventory December31 $125,300, net purchases is $81,200, total operating expenses is $77,300 and income tax is $11,340.

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Answer 3

Question

Chapter 15, Problem 9AT

(a)

To determine

To calculate: The vertical analysis of an income statement for Woof & Meow Pet Supply, for the 3^rd quarter 2015 if gross sales $224,400, sales returns and allowances is $14,300, merchandise inventory is July,1 $165,000, merchandise inventory September30 $143,320, net purchases is $76,500, total operating expenses is $68,600 and income tax is $8,790.

(b)

To determine

To calculate: The horizontal analysis of an income statement for Woof & Meow Pet Supply, for the 4^th quarter 2015 if gross sales $218,200, sales returns and allowances is $9,500, merchandise inventory is October,1 $143,320, merchandise inventory December31 $125,300, net purchases is $81,200, total operating expenses is $77,300 and income tax is $11,340.

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Answer 4

Question

Chapter 15, Problem 9AT

(a)

To determine

To calculate: The vertical analysis of an income statement for Woof & Meow Pet Supply, for the 3^rd quarter 2015 if gross sales $224,400, sales returns and allowances is $14,300, merchandise inventory is July,1 $165,000, merchandise inventory September30 $143,320, net purchases is $76,500, total operating expenses is $68,600 and income tax is $8,790.

(b)

To determine

To calculate: The horizontal analysis of an income statement for Woof & Meow Pet Supply, for the 4^th quarter 2015 if gross sales $218,200, sales returns and allowances is $9,500, merchandise inventory is October,1 $143,320, merchandise inventory December31 $125,300, net purchases is $81,200, total operating expenses is $77,300 and income tax is $11,340.

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Answer 5

Chapter 15, Problem 9AT

(a)

To determine

To calculate: The vertical analysis of an income statement for Woof & Meow Pet Supply, for the 3^rd quarter 2015 if gross sales $224,400, sales returns and allowances is $14,300, merchandise inventory is July,1 $165,000, merchandise inventory September30 $143,320, net purchases is $76,500, total operating expenses is $68,600 and income tax is $8,790.

(b)

To determine

To calculate: The horizontal analysis of an income statement for Woof & Meow Pet Supply, for the 4^th quarter 2015 if gross sales $218,200, sales returns and allowances is $9,500, merchandise inventory is October,1 $143,320, merchandise inventory December31 $125,300, net purchases is $81,200, total operating expenses is $77,300 and income tax is $11,340.

Answer 6

Chapter 15, Problem 9AT

(a)

To determine

To calculate: The vertical analysis of an income statement for Woof & Meow Pet Supply, for the 3^rd quarter 2015 if gross sales $224,400, sales returns and allowances is $14,300, merchandise inventory is July,1 $165,000, merchandise inventory September30 $143,320, net purchases is $76,500, total operating expenses is $68,600 and income tax is $8,790.

Answer 7

Chapter 15, Problem 9AT

(a)

To determine

To calculate: The vertical analysis of an income statement for Woof & Meow Pet Supply, for the 3^rd quarter 2015 if gross sales $224,400, sales returns and allowances is $14,300, merchandise inventory is July,1 $165,000, merchandise inventory September30 $143,320, net purchases is $76,500, total operating expenses is $68,600 and income tax is $8,790.

Answer 8

(b)

To determine

To calculate: The horizontal analysis of an income statement for Woof & Meow Pet Supply, for the 4^th quarter 2015 if gross sales $218,200, sales returns and allowances is $9,500, merchandise inventory is October,1 $143,320, merchandise inventory December31 $125,300, net purchases is $81,200, total operating expenses is $77,300 and income tax is $11,340.

Answer 9

(b)

To determine

To calculate: The horizontal analysis of an income statement for Woof & Meow Pet Supply, for the 4^th quarter 2015 if gross sales $218,200, sales returns and allowances is $9,500, merchandise inventory is October,1 $143,320, merchandise inventory December31 $125,300, net purchases is $81,200, total operating expenses is $77,300 and income tax is $11,340.

Answer 10

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Answer 11

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Answer 12

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Answer 13

Ch. 15.I - Use the following financial information to prepare...Ch. 15.I - Prob. 2TIE Ch. 15.I - Prob. 3TIE Ch. 15.I - Prob. 1RE Ch. 15.I - Prob. 2RE Ch. 15.I - Prob. 3RE Ch. 15.I - Prob. 4RE Ch. 15.I - Prob. 5RE Ch. 15.I - Prob. 6RE Ch. 15.I - Calculate the following values according to the...

Solution Summary: The author calculates the vertical analysis of an income statement for Woof & Meow Pet Supply for the 3 rd quarter 2015.

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