Business
Accounting
Horizontal analysis (trend analysis) percentages for Spartan Company's sales, cost

Horizontal analysis (trend analysis) percentages for Spartan Company's sales, cost of goods sold, and expenses are listed

Question:

Horizontal analysis (trend analysis) percentages for Spartan Company's sales, cost of goods sold, and expenses are listed here.

Explain whether Spartan's net income increased, decreased, or remained unchanged over the 3-year period.

Transcribed Image Text:

Horizontal Analysis Sales Cost of goods sold Expenses 2012 2010 2011 96.2% 104.8% 98.0 100.0% 101.0 105.6 95.4 100.0

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Answer rating: 60% (10 reviews)

Comparing the percentages presented results in the following conclusions T...View the full answer

Answered By

Ankit Mahajan

I am an electrical engineering graduate from Thapar institute of engineering and technology. Qualified exams - GATE 2019,2020. CAT EXAM 2021- 91.4 percentile SSC EXAMS- 2019,2020,2021 AFCAT EXAM- 2019,2020,2021 I want to share my knowledge with other people so that they can achieve the same. I have strong hold Mathematics, Electrical engineering and all the subjects related. Just give me a problem and I will give you the solution of it.

5.00+ 1+ Reviews 10+ Question Solved

Related Book For book-img-for-question

Financial Accounting Tools for business decision making

ISBN: 978-0470534779

6th Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

See More Books

Question Posted: Sep 21, 2011 01:57 PM

See More Questions

Students also viewed these Accounting questions

Explain how cost of goods sold is converted from an accrual basis to a cash basis.
Explain why cost of goods sold should be lower if manufacturing overhead is overallocated. Should operating income be higher or lower if manufacturing overhead is overallocated? Why?
Explain how cost of goods sold is treated when a business sells inventory.
Consider the heat pump described in Example 9.14. The heat pump now operates between 0.60 MPa and 1.4 MPa. Plot the vapor-compression cycle in Ts coordinates (use NIST) and determine the cycle...
The design for a new cementless hip implant is to be studied using an instrumented implant and a fixed simulated femur. Assuming the punch applies an average force of 2 kN over a time of 2 ms to the...
Fill in the blank with an appropriate word, phrase, or symbol(s). A distinct group of objects without regard to their arrangement is called a(n) _______.
Give four methods for determining whether the sample LO8 data come from a normal population.
The condensed product-line income statement for Dish N' Dat Company for the month of March is as follows: Fixed costs are 15% of the cost of goods sold and 40% of the selling and administrative...
East West Corporation owns equipment which cost $65,000 and has a $28,000 adjusted basis. East West exchanges the equipment in June of 2019 for other equipment ($56,000 FMV) and marketable securities...
Case Application 11: RETHINKING COMPENSATION AT FIRST MERITBANK Christopher Maurer, executive vice president for human resourcesat FirstMerit Bank headquartered in Akron, Ohio, needed to solve amajor...
Vertical analysis (common-size) percentages for Vallejo Company's sales, cost of goods sold, and expenses are listed here. Did Vallejo's net income as a percent of sales increase, decrease, or remain...
These selected condensed data are taken from recent balance sheets of Bob Evans Farms (in thousands). Compute the current ratio for each year and comment on your results. 2009 2008 $ 13,606 23,045...
What are some reasons that would support a decision by Warby Parker to not expand to products beyond glasses?
10.1 Learning Outcomes: Describe managers' appropriate use of power and influence. Identify traits and characteristics of successful leaders. Identify behaviors of successful leaders 10.2 Action...
Suppose Ron went to Rio de Janeiro in 2019 when the dollar was worth 4 reals. The price of a cup of coffee at Starbucks in the US was $4, so when Ron converted $4 into reals he had 16 reals, which...
The expected annual net income is $200,000; the average investment is $800,000; and depreciation expense is $50,000. Calculate the annual rate of return.
How do you define humanities?
Write the types of partners ?
Using the DuPont Identity Y3K, Inc., has sales of $2,700, total assets of $1,310, and a debtequity ratio of 1.20. If its return on equity is 15 percent, what is its net income?
Juarez worked for Westarz Homes at construction sites for five years. Bever was a superintendent at construction sites, supervising subcontractors and moving trash from sites to landfills. He...
Suppose two ions have been accelerated down a mass spectrometer, one of light mass and one of heavy mass. Which one do you think will take more voltage to the electromagnet to make it reach the...
Data for Betsy Strand are presented in BE10-5. Prepare the employer's journal entry to record payroll taxes for the period. Ignore unemployment taxes. In BE10-5 Betsy Strands regular hourly wage rate...
Bridle Inc. issues $300,000, 10-year, 8% bonds at 98. Prepare the journal entry to record the sale of these bonds on March 1, 2017.
Ravine Company issues $400,000, 20-year. 7% bonds at 101. Prepare the journal entry to record the sale of these bonds on June 1. 2017.
Selected comparative financial statement data for DAS inc. Balance Sheet (En milliers de dollars) 2017 2018 Assets Assets CT - Cash 41.63 47.5 - Accounts Receivable 64.2 72.6 - inventories 969.7...
please help!! One chance at turning in!!! 16 rows! I'd highly appreicate it I am unsure what information you need... I provided all Current Attempt in Progress Mike Greenberg opened Grouper Window...
Blue Ridge Marketing Inc. manufactures two products, A and B . Presently, the company uses a single plantwide factory overhead rate for allocating overhead to products. However, management is...

Advances In Artificial Intelligence And Security 7th International Conference ICAIS 2021 Dublin Ireland 1st Edition - ISBN: 3030786145 - Free Book

Study smarter with the SolutionInn App