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I HAVE 90 MN PLEASE HURRY UP. Comparative financial statement data of XYZ Company: (for students whose number ENDS with an ODD NUMBER) XYZ Company
I HAVE 90 MN PLEASE HURRY UP.
Comparative financial statement data of XYZ Company: (for students whose number ENDS with an ODD NUMBER) XYZ Company Comparative Income Statement Years Ended December 31, 2015 and 2016 HORIZONTAL VERTICAL Increase (Decrease) 2015 2016 2015 2016 Amount Percent Percent Percent Net sales (on credit) 500,000 400,000 Cost of goods sold 250,000 150,000 Gross profit 250,000 250,000 Operating expenses 140,000 100,000 Income from operations 110,000 150,000 Interest expense 10,000 20,000 Income before income tax 100,000 130,000 Income tax expense 30,000 50,000 Net income 70,000 80,000 Cash Current receivables Inventories Prepaid expenses Total current assets Plant assets, net Total assets Total current liabilities Long-term liabilities Total liabilities Capital Total liabilities and equity XYZ Company Comparative Balance Sheet December 31, 2015 and 2016 HORIZONTAL VERTICAL Increase (Decrease) 2015 2016 2015 2016 Amount Percent Percent Percent 101,000 88,000 113,000 121,000 144,000 158,000 16,000 3,000 374,000 370,000 217,000 176,000 591,000 546,000 227,000 240,000 117,000 96,000 344,000 336,000 247.000 210.000 591,000 546,000
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