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Earth's General Store Income Statement Year ended Dec 31, 2015 Vertical Analysis Horizontal Analysis 2015 2014 2015 2014 Dollar change % change Sales $ 3,748,805
Earth's General Store Income Statement Year ended Dec 31, 2015 Vertical Analysis Horizontal Analysis 2015 2014 2015 2014 Dollar change % change Sales $ 3,748,805 $ 2,505,948 100% 100% $1,242,857 50% Cost of Goods Sold $ (2,640,070) $ (1,879,488) -70% -75% $ (760,582) 40% Gross profit $ 1,108,735 $ 626,460 30% 25% $ 482,275 77% Operating expenses Sales and Marketing $ (813,272) $ (451,843) -22% -18% $ (361,429) 80% Administrative $ (432,705) $ (185,720) -12% -7% $ (246,985) 133% Income (loss) from operations $ (137,242) $ (11,103) -4% 0% $ (126,139) 1136% Interest expense $ (50,054) $ (25,487) -1% -1% $ (24,567) 96% Income (loss) before income tax $ (187,296) $ (36,590) -5% -1% $ (150,706) 412% Income tax (recovered) $ (28,352) $ (5,359) -1% 0% $ (22,993) 429% Net Income (loss) $ (215,648) $ (41,949) -6% -2% $ (173,699) 414%
| Earth's General Store | ||||||||||||
| Income Statement | ||||||||||||
| Year ended Dec 31, 2015 | ||||||||||||
| Vertical Analysis | Horizontal Analysis | |||||||||||
| 2015 | 2014 | 2015 | 2014 | Dollar change | % change | |||||||
| Sales | $ 3,748,805 | $ 2,505,948 | 100% | 100% | $1,242,857 | 50% | ||||||
| Cost of Goods Sold | $ (2,640,070) | $ (1,879,488) | -70% | -75% | $ (760,582) | 40% | ||||||
| Gross profit | $ 1,108,735 | $ 626,460 | 30% | 25% | $ 482,275 | 77% | ||||||
| Operating expenses | ||||||||||||
| Sales and Marketing | $ (813,272) | $ (451,843) | -22% | -18% | $ (361,429) | 80% | ||||||
| Administrative | $ (432,705) | $ (185,720) | -12% | -7% | $ (246,985) | 133% | ||||||
| Income (loss) from operations | $ (137,242) | $ (11,103) | -4% | 0% | $ (126,139) | 1136% | ||||||
| Interest expense | $ (50,054) | $ (25,487) | -1% | -1% | $ (24,567) | 96% | ||||||
| Income (loss) before income tax | $ (187,296) | $ (36,590) | -5% | -1% | $ (150,706) | 412% | ||||||
| Income tax (recovered) | $ (28,352) | $ (5,359) | -1% | 0% | $ (22,993) | 429% | ||||||
| Net Income (loss) | $ (215,648) | $ (41,949) | -6% | -2% | $ (173,699) | 414% |
please verify the horizontal analysis calculations
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Understanding Corporate Annual Reports
Authors: William Pasewark
7th Edition
0073526932, 9780073526935
