Reviewing the horizontal analyses of Amazons and Targets income statement data above, what comparisons and conclusions can you draw from this information?
Amazon Horizontal/Vertical Analysis Information 12/31/2016 19,334,000 6,647,000 8,339,000 11,461,000 45,781,000 223,000 29,114,000 3,784,000 854,000 3,646,000 83,402,000 Amazon All numbers in thousands Perlod Ending 12/31/2018 % change 12/31/2017 % change Current Assets Cash And Cash 31,750,000 55 20,522,000 6 Equivalents Short Term 9,500,000 -9 Investments 10,464,000 57 Net Receivables 16,677,000 41 11,835,000 42 Inventory 17,174,000 7 16,047,000 40 Tot Current Assets 75,101,000 25 60,197,000 31 Long Term 440,000 0 Investments 441,000 Property Plant and Equipment 61,797,000 26 48,866,000 68 Goodwill 14,548,000 9 13,350,000 253 Intangible Assets 4,110,000 22 3,371,000 295 Other Assets 11,202,000 120 5,085,000 39 Total Assets 102,648,000 24 131,310,000 57 Current Uabilities Accounts Payable 38,192,000 34,616,000 37 Short/Current Long Term Debt 1,371,000 1,271 100,000 -91 Other Current Liabilities 6,536,000 8,565,000 19 Total Current 68,391,000 18 Liabilities 57,883,000 32 Long Term Debt 23,495,000 -5 24,743,000 222 Other Liabilities 27,213,000 249 7,792,000 53 Total abilities 119,099,000 15 103,601,000 62 Stockholders' Equity Preferred Stock Common Stock 5,000 0 5,000 0 Retained Earnings 19,625,000 127 8,636,000 76 Treasury Stock -2,872,000 24 -2,321,000 -18 Capital Surplus 26,791,000 25 21,389,000 24 Other Stockholder Equity -1,085,000 114 -484,000 -51 Total Stockholder Equity 43,549,000 57 27,709,000 44 10 25,309,000 1,056,000 -24 7,168,000 43,816,000 7,694,000 5,088,000 64,117,000 5,000 4,916,000 -2,822,000 17,186,000 -985,000 19,285,000 Target Horizontal/Vertical Analysis Information Target Horizontal Analysis Balance Sheet https://www.nades.com/symbol/linancial query balance sheet Values in (0001 2/3.2018 1/28/2017 $2.643.000 10 ICELOR DOLER) Amount Percent $131.000 5.0 so 0.0 0.02 $340,000 4.0 $95.000 75% $574,000 4.6% $2.512.000 $0 30 18,209,000 11.109.000 $11,990,000 $8,657.000 11,204.000 Asset $12,564,000 Long-Term 30 $0 Period Ending Current Assets Cash and Cash Short Term Net Receivables Inventory Other Current Total Current Long-Term Assets investments Fixed Assets Goodwill Intangible Assets Other Assets Deferred Asset Charges Total Assets Current Liabilities Accounts Payable Short Term Debt Other Current $0 $260.000 125.018.000 30 0.0 $0 11.417.000 30 30 $783.000 10 $30,999.000 $37 431.000 $1,568,000 40W $12.931.000 $10.999.000 51.942.000 SARDO 30 10 0.0 3.7% $12.707.000 $11.031.000 $13,201,000 111317 000 2.050.000 $713,000 50 $494,000 $286.000 $180,000 ($140.0001 SO -20. $861,000 10 0.0 $27 290,000 $26.478,000 $812.000 Total Current Liabilities Long-Term Debt Other Llabilities Deferred Liability Charges Misc. Stock Minority Interest Total Liabilities Steek Holders Equity Common Stocks Capital Surplus Retained Earnings Treasury Stock Other Equity Total Equity Total Liabilities & Equity 140.000 145.000 $5.858.000 1963.000 11:51 RON $197.000 15.884.000 0.0N 14 111.709.000 $38.999,000 3.10.963.000 $37.431.000 S756.000 $1,568,000 4 Amazon Horizontal/Vertical Analysis Information 12/31/2016 19,334,000 6,647,000 8,339,000 11,461,000 45,781,000 223,000 29,114,000 3,784,000 854,000 3,646,000 83,402,000 Amazon All numbers in thousands Perlod Ending 12/31/2018 % change 12/31/2017 % change Current Assets Cash And Cash 31,750,000 55 20,522,000 6 Equivalents Short Term 9,500,000 -9 Investments 10,464,000 57 Net Receivables 16,677,000 41 11,835,000 42 Inventory 17,174,000 7 16,047,000 40 Tot Current Assets 75,101,000 25 60,197,000 31 Long Term 440,000 0 Investments 441,000 Property Plant and Equipment 61,797,000 26 48,866,000 68 Goodwill 14,548,000 9 13,350,000 253 Intangible Assets 4,110,000 22 3,371,000 295 Other Assets 11,202,000 120 5,085,000 39 Total Assets 102,648,000 24 131,310,000 57 Current Uabilities Accounts Payable 38,192,000 34,616,000 37 Short/Current Long Term Debt 1,371,000 1,271 100,000 -91 Other Current Liabilities 6,536,000 8,565,000 19 Total Current 68,391,000 18 Liabilities 57,883,000 32 Long Term Debt 23,495,000 -5 24,743,000 222 Other Liabilities 27,213,000 249 7,792,000 53 Total abilities 119,099,000 15 103,601,000 62 Stockholders' Equity Preferred Stock Common Stock 5,000 0 5,000 0 Retained Earnings 19,625,000 127 8,636,000 76 Treasury Stock -2,872,000 24 -2,321,000 -18 Capital Surplus 26,791,000 25 21,389,000 24 Other Stockholder Equity -1,085,000 114 -484,000 -51 Total Stockholder Equity 43,549,000 57 27,709,000 44 10 25,309,000 1,056,000 -24 7,168,000 43,816,000 7,694,000 5,088,000 64,117,000 5,000 4,916,000 -2,822,000 17,186,000 -985,000 19,285,000 Target Horizontal/Vertical Analysis Information Target Horizontal Analysis Balance Sheet https://www.nades.com/symbol/linancial query balance sheet Values in (0001 2/3.2018 1/28/2017 $2.643.000 10 ICELOR DOLER) Amount Percent $131.000 5.0 so 0.0 0.02 $340,000 4.0 $95.000 75% $574,000 4.6% $2.512.000 $0 30 18,209,000 11.109.000 $11,990,000 $8,657.000 11,204.000 Asset $12,564,000 Long-Term 30 $0 Period Ending Current Assets Cash and Cash Short Term Net Receivables Inventory Other Current Total Current Long-Term Assets investments Fixed Assets Goodwill Intangible Assets Other Assets Deferred Asset Charges Total Assets Current Liabilities Accounts Payable Short Term Debt Other Current $0 $260.000 125.018.000 30 0.0 $0 11.417.000 30 30 $783.000 10 $30,999.000 $37 431.000 $1,568,000 40W $12.931.000 $10.999.000 51.942.000 SARDO 30 10 0.0 3.7% $12.707.000 $11.031.000 $13,201,000 111317 000 2.050.000 $713,000 50 $494,000 $286.000 $180,000 ($140.0001 SO -20. $861,000 10 0.0 $27 290,000 $26.478,000 $812.000 Total Current Liabilities Long-Term Debt Other Llabilities Deferred Liability Charges Misc. Stock Minority Interest Total Liabilities Steek Holders Equity Common Stocks Capital Surplus Retained Earnings Treasury Stock Other Equity Total Equity Total Liabilities & Equity 140.000 145.000 $5.858.000 1963.000 11:51 RON $197.000 15.884.000 0.0N 14 111.709.000 $38.999,000 3.10.963.000 $37.431.000 S756.000 $1,568,000 4
