Check my work 4 Golden Corporation declared and paid $3,300 of cash dividends during the current year ended December 31. Its financial statements also reported the following summarized data: 3 points Required: 1. Complete the horizontal analyses for each item in Golden Corporation's comparative financial statements. TIP: Calculate the increase (decrease) by subtracting the previous year from the current year. Calculate the percentage by dividing the amount of increase (decrease) by the previous year balance. 2-a. Use the horizontal (trend) analyses to identify the accounts where a large percentage change is accompanied by a small dollar change. 2-b. Use the horizontal (trend) analyses to identify the accounts where a directional change in one account balance is inconsistent with the directlonal change in a related account balance. eBook Print Complete this question by entering your answers in the tabs below. References Reg 1 Reg 2A Reg 2B Complete the horizontal analyses for each item in Golden Corporation's comparative financial statements. TIP: Calculate the increase (decrease) by subtracting the previous year from the current year. Calculate the percentage by dividing the amount of increase (decrease) by the previous year balance. (Decreases should be indicated by a minus sign. Round percentage values to 1 decimal place.) 5 Check my work 4 GOLDEN CORPORATION Horizontal Analysis Increase (Decrease) in Current (versus Previous) Amount Percentage 3 points Current Previous % eBook Income Statement Sales revenue Cost of goods sold Gross profit Operating expenses Interest expense Income before income taxes Income tax expenso Net Income Balance Sheet Cash Accounts receivable (net) Inventory Property and equipment (net) $ 183,000 $ 167,100 111,500 101,200 71,500 65,900 53,900 50,700 3,000 2,870 14,600 12,330 4,450 3,300 $ 10,150 $ 9,030 Print % References $ % 45.600 $ $ 3,550 $ 7.700 19,300 22,700 40,300 35,300 39,500 108,750 $ 105,200 $ 16,300 $ 19,600 42,000 42,000 33,000 33,000 5,300 5.300 12.150 5,300 108,750 $ 105,200 Current liabilities Note payable (long-term) Common stock (par $5) 5 Additional paid-in capital - Retained earnings % $ % Check my work 4 Complete this question by entering your answers in the tabs below. Reg 1 Reg 2A Reg 2B 3 points Use the horizontal (trend) analyses to identify the accounts where a large percentage change is accompanied by a small dollar change. (Select all that apply.) Box Print References Sales revenue Cost of goods sold Operating expenses Interest expense Income tax expense Gross profit Net income Income before income taxes Cash Accounts receivable (net) Inventory Property and equipment (net) Current liabilities Nole payable (long-term) Retained earnings Additional paid in capital Common stock Check my work 4 Complete this question by entering your answers in the tabs below. Reg 1 Req 2A Rea 2B 3 points Use the horizontal (trend) analyses to identify the accounts where a directional change in one account balance is inconsistent with the directional change in a related account balance. (Select all that apply.) - eBook Print References Sales revenue Cost of goods sold Operating expenses Interest expense Income tax expense Gross profit Net income Income before income taxes Cash Accounts receivable (net) Inventory Property and equipment (net) Current liabilities Note payable (long-term) Retained earrings Additional paid-in capital Common stock
