Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Q: Competitive Income Statement As of Ended December 31 2017 2016 2015 Revenue 94,595 88,519 83,176 Cost of Goods Sold 62,282 58,254 54,787 Gross Profit

Q:

Competitive Income Statement As of Ended December 31

2017 2016 2015

Revenue

94,595

88,519

83,176

Cost of Goods Sold

62,282

58,254

54,787

Gross Profit

32,313

30,265

28,389

Operating Expenses

18,886

18,491

17,920

Net Income

7,957

7,009

6,345

Balance Sheet, As of December 31

2017 2016

Cash

2,538

2,216

Inventory

12,549

11,809

Net Total Assets

17,724

16,484

Property and equipment,

21,914

22,191

Account Payable

7,000

6,565

Accrued and other Liabilities

1,484

1,515

Common Stock

88

88

Additional Pain-in Capital

9,787

9,347

Retained Earnings

35,519

30,973

Total Liabilities and Stockholder's Equity

42,966

41,973

Perform Horizontal Analysis, Trend(Horizontal) Analysis and Vertical Analysis. Solve the following Questions:

(Horizontal Analysis)

1) Consider the critical items on the Balance Sheet and Income Statement.

2) Select three years balance sheet and Income Statement items that you consider important.

3) Indicate "Why" you consider the balance sheet and Income Statement items you selected are important.

4) Discuss any patters/ trends noted n the selected balance sheet an Income Statement items.

5) What conclusions can you draw from the analysis performed on your selected balance sheet and Income Statement items?

(Vertical Analysis)

1) Consider the critical items on the Balance Sheet and Income Statement.

2) Select three years balance sheet and Income Statement items that you consider important.

3) Indicate "Why" you consider the balance sheet and Income Statement items you selected are important.

4) Discuss any patters /trends noted in the selected balance sheet and Income Statement items.

5) What conclusions can you draw from the analysis performed on your selected balance sheet and Income Statement items?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Democratic Audit Of Poland 2014

Authors: Radoslaw Markowski, Michal Kotnarowski, Michal Wenzel, Marta Zerkowska-Balas

1st Edition

3631656912, 978-3631656914

More Books

Students also viewed these Accounting questions

Question

5. Understand how cultural values influence conflict behavior.

Answered: 1 week ago

Question

8. Explain the relationship between communication and context.

Answered: 1 week ago