Question 4 Family Supermarkets Ltd. reports the following set of financial statements for 2018 and 2019. Required - Using the following information, perform a vertical analysis for the income statement and balance sheet for 2018 and 2019: Family Supermarkets. La Income Statement For the Year Ended December 31, 2019 2019 2000 Sales Revenue Cost of goods sold Gross Margin $ $ $ 506.2005 386.000 $ 299.000 $ 38.000 205.000 Operating Expenses Selling and general expenses Interest expense Total expenses Net Income $ $ $ $ 170000 $ 112005 181200 $ 38005 200 5200 206.200 39200 Family Supermarkets Balance Sheet Dember 31, 2019 2019 BODO $ Assets Cash $ Accounts Receivable $ Inventory $ Prepaid penses $ Total Current Assets $ Long Term investments Property, plant and equipment, $ Total Assets $ 2018 3.000 28.000 $1.000 11.400 178.400 83.000 100005 175.000 $ 140.00 $ 315.000 $ 132.000 306.400 Liabilities Accounts Payable Income Taxes Payable Other liabilities Total Current Liabilities 2000 4100 $ $ $ $ 25.000 $ 3.000 $ 130.000 $ 190.00 $ 32.100 Long Term Date Total Liabilities $ $ $ 102.900 $ 75.000 107.100 Shareholder Equity Common Shares $ Retained Eiving $ Total Shareholders Equity $ Total Liabilities & Shareholder's S 6 100.000 $ 112.00 $ 212.40 $ 315.000 $ 125.000 74.300 100-300 308,400 Comm 204 - Financial Accounting Assignment #6 Chapters 10 & 11 Due: Wednesday, December 4, 2019 Question 4 Family Supermarkets Ltd. reports the following set of financial statements for 2018 and 2019. Required - Using the following information, perform a vertical analysis for the income statement and balance sheet for 2018 and 2019: Family Supermarkets. La Income Statement For the Year Ended December 31, 2019 2019 2000 Sales Revenue Cost of goods sold Gross Margin $ $ $ 506.2005 386.000 $ 299.000 $ 38.000 205.000 Operating Expenses Selling and general expenses Interest expense Total expenses Net Income $ $ $ $ 170000 $ 112005 181200 $ 38005 200 5200 206.200 39200 Family Supermarkets Balance Sheet Dember 31, 2019 2019 BODO $ Assets Cash $ Accounts Receivable $ Inventory $ Prepaid penses $ Total Current Assets $ Long Term investments Property, plant and equipment, $ Total Assets $ 2018 3.000 28.000 $1.000 11.400 178.400 83.000 100005 175.000 $ 140.00 $ 315.000 $ 132.000 306.400 Liabilities Accounts Payable Income Taxes Payable Other liabilities Total Current Liabilities 2000 4100 $ $ $ $ 25.000 $ 3.000 $ 130.000 $ 190.00 $ 32.100 Long Term Date Total Liabilities $ $ $ 102.900 $ 75.000 107.100 Shareholder Equity Common Shares $ Retained Eiving $ Total Shareholders Equity $ Total Liabilities & Shareholder's S 6 100.000 $ 112.00 $ 212.40 $ 315.000 $ 125.000 74.300 100-300 308,400 Comm 204 - Financial Accounting Assignment #6 Chapters 10 & 11 Due: Wednesday, December 4, 2019
