E13-1 (Static) Preparing and Interpreting a Schedule for Horizontal and Vertical Analyses [LO 13-2, 13-3, 13-5) The average price of a gallon of gas in 2015 dropped $0.94 (28 percent) from $3.34 in 2014 (to $2.40 in 2015). Required: 1. Conduct a horizontal analysis by calculating the year-over-year changes in each line item, expressed in dollars and in percentages for the income statement of Chevron Corporation for the year ended December 31, 2015 (amounts in billions). 2-a. Conduct a vertical analysis by expressing each line as a percentage of total revenues. 2.b. Excluding income tax and other operating costs, did Chevron earn more profit per dollar of revenue in 2015 compared to 2014? Complete this question by entering your answers in the tabs below. Req1 Reg 2A Req 2B Conduct a horizontal analysis by calculating the year-over-year changes in each line item, expressed in dollars and in percentages for the income statement of Chevron Corporation for the year ended December 31, 2015 (amounts in billions). (Decreases should be indicated by a minus sign. Enter your answers in billions (.e., 10,000,000,000 should be entered as 10). Round percentage values to 1 decimal place.) CHEVRON CORPORATION Income Statements (amounts in billions) For the Year Ended December 31 Change in Presy 1 of 5 Next > there to search Sed Reg 1 Req ZA Req 2B Conduct a horizontal analysis by calculating the year-over-year changes in each line item, expressed in dollars and in percentages for the income statement of Chevron Corporation for the year ended December 31, 2015 (amounts in billions). (Decreases should be indicated by a minus sign. Enter your answers in billions (.e., 10,000,000,000 should be entered as 10). Round percentage values to 1 decimal place.) CHEVRON CORPORATION Income Statements (amounts in billions) For the Year Ended December 31 Change in Dollars Percentage Revenues Cost of Crude Oil and Products Other Operating costs Income before Income Tax Expense Income Tax Expense Net Income 2015 S 140 70 65 5 2014 $ 210 120 6 0 3 0 10 S 5 S 202 Req 2A > Pret 1 of 5 Next > re to search Reg 1 Req 2A Req 28 Conduct a vertical analysis by expressing each line as a percentage of total revenues. (Round percentage values to 1 decimal place.) 2014 CHEVRON CORPORATION Income Statements (amounts in billions) For the Year Ended December 31 2015 Revenues. $ 140 Cost of Crude Oil and Products 70 Other Operating costs Income before Income Tax Expense 5 Income Tax Expense Net Income PRRRR ( Req 1 Req 2B> Prev 1 of 5 !!! Next > e to search The average price of a gallon of gas in 2015 dropped $0.94 (28 percent) from $3.34 in 2014 to $2.40 in 2015) Required: 1. Conduct a horizontal analysis by calculating the year-over-year changes in each line item, expressed in dollars and in percentages for the income statement of Chevron Corporation for the year ended December 31, 2015 (amounts in billions). 2-a. Conduct a vertical analysis by expressing each line as a percentage of total revenues. 2.b. Excluding income tax and other operating costs, did Chevron earn more profit per dollar of revenue in 2015 compared to 2014? Complete this question by entering your answers in the tabs below. Req 1 Real Req 2A Req 28 | Excluding income tax and other operating costs, did Chevron eam more profit per dollar of revenue in 2015 compared to 2014?
