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I need both the horizontal and vertical analysis for the income statement. I filled out the excel sheet to the best of my knowledge. Here's
I need both the horizontal and vertical analysis for the income statement. I filled out the excel sheet to the best of my knowledge. Here's the spreadsheet:
Revenue | 2020 | 2019 | 2018 |
Total Revenue | $220,747.00 | $213,883.00 | $225,847.00 |
Cost of Revenue | 53,768 | 46,291 | 39,748 |
Gross Profit | 274,515 | 260,174 | 265,595 |
Operating Expenses | |||
Research Development | 18,752 | 16,217 | 14,238 |
Selling General and Administrative | 19,916 | 18,245 | 16,705 |
Non Recurring | |||
Others | |||
Total Operating Expenses | 38,668 | 34,462 | 30,943 |
Operating Income or Loss | 235,847 | 225,712 | 234,652 |
Income from Continuing Operations | 66,288 | 63,930 | 70,898 |
Total Other Income/Expenses Net | 803 | 1,807 | 2,005 |
Earnings Before Interest and Taxes | 67,091 | 65,737 | 72,903 |
Interest Expense | |||
Income Before Tax | |||
Income Tax Expense | 9,680 | 10,481 | 13,372 |
Minority Interest | |||
Net Income From Continuing Ops | $57,411.00 | $ 55,256.00 | $ 59,531.00 |
Nonrecurring Events | |||
Discontinued Operations | 1202 | 3802 | -3407 |
Extraordinary Items | -63 | 25 | 1 |
Effect of Accounting Changes | 1139 | 3827 | -3406 |
Other Items | 42 | 2781 | 3026 |
Net Income | |||
Net Income | 57,453 | 58,037 | 56,505 |
- Complete the horizontal analysis column of the prior 3
- Complete the vertical analysis column for the prior 3
Address in the following questions in the comments section of both the Balance Sheet and Income Statement tabs:
- What accounts changed for the period and how did this affect the financial analysis calculation?
- Why did the account change during the period? Explain what business decisions may have caused the change.
- How does this change influence the company's performance?
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