1 Dzajah Smith Chapter 12 - Part 1 Principles of Financial Accounting (ACC 221) Winter 2020 LA CROSSE CORPORATION Vertical Analysis of Balance Sheet G ets 2021 2020 7 8 9 10 11 Asus Current Assets: Cash and cash equivalents Receivables, ne! Inventory S 48.978 12.875 79,360 8.640 147.693 25 989 261.682 122.337 24.905 202.495 13 Total curent assets 14 Property, plant and equipment at cost Land and buildings Fund equipment 17 Camour hardware and so were 18 Less-accumulated depreciation and aronization 19 Property.plant & equipment, net 20 Tatal assets 76.560 69,751 80 378 (98,941) 127,748 70.918 67 513 68.419 185.936) 120,854 100.0% 100.0% 21 70.846 49,801 120.646 8.345 79.410 38.858 116.288 22 Listilities and it 23 Current liabilities: 24 | Accounts payable 25 Accued liabilities 26 Tak l idiliis 27 Longterm disabilities 28 Equity 29 Cormon stock, 28100 shares outstanding, 51 par 30 Additional paid in capital, common stock 31 Retained earings 32 Treasury stock 33 Total shareholders investment 34 Total liabilities and shareholder investment 281 261 238 113 184 997 (162,932) 260.440 32.430 173.342 119.584 188,944) 204 223 329.959 100.0% 100.0% nes LA CROSSE CORPORATION Vertical Analysis of Income Statement For the period ended December 31 2021 2020 1,020,8093 950.434 570.153 546,393 450.656 404091 373 115 384,012 77,541 40,729 2021 100.0% 2020 100.0% 40 Net Sales 41 Cas of sales 42 Gross Profit 43 Selling general and admin. 44 Income from operations 45 Other income fexpense 46 Inscxpense, ne! 47 Depreciation & amort. 48 Gains & Jasses 49 Total other income (expense) 50 Income before income taxes 51 leemelerisien Notingeme 13781 (14266) 22.582 7,438 84.979 983) 19.9351 (4.798) 14322) 35,757 8 224 27.533 19.545 65.434 54 LA CROSSE CORPORATION Horizontal Analysis of Balance Sheet Dec 31 2021 2020 Increase oral $ Amount 3 79.360 8.640 147.693 25 989 281.8R2_ 40,978 12.875 122.337 24.905 20.025 76.560 69.751 80 378 198.941) 70.918 67 513 68 419 185,988) 120,854 127.748 59,471 57 Arts 58 Curront Assets: 59 Cash and cash equivalents 60 Receivables, ne! 61 Inventory 62 Prepaid expenses 63 TL 64 Property, plant and equipment, at cost 65 and and buildings 66 Fixtures and equipment 67 Computer hardware and software 68 Less-accumulated depreciation and aronization 69 Property.plant & equipment, ne! 70 Total assets 71 72 Listilities and it 73 Current liabilities: 74 Accounts payable 75 Acued liabilises 76 Tel liskies 77 Longterm listilities 78 Equity 79 Common stock, 28100 shares outstanding, 51 par 80 Additional paid in capital, common stock 81 Retained earings 82 Treasury stock 83 Total shareholders investment 84 Totallatsilities and share investment 5 79,410 70.846 49.801 121.648 A 45 110289 261 238.113 184987 (162.932) 280.440 382430 281 173.342 119.584 (88,944) 204 223 329.959 59,471 86 Increase (decrease 20124 LA CROSSE CORPORATION Horizontal Analysis of Income Statement For the period ended December 31 2020 1,020,809 S 950,494 570,153 546,393 450 656 404.091 373,115 384,012 77,541 40.729 $ Amount 20.325 7.4% 90 Not Sales 91 Cast of sales 92 Gross Profi 93 Selling general and admin. 94 Income from operations 95 Other incore expense): 96 Interest expense, ne! 97 Depreciation & amort. 98 Guns & doseest 99 Total other income expense) 100 Inoomne before income taxes 101 leeme vision 102 Netiname (14266) 22.582 7438 84.979 19.545 65.434 1983) (9,935) 14,798) (4,322) 35,757 .224 272523 103