Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Vessel Corporation reported the following amounts on its 2020 comparative income statement: (in thousands) 2020 2019 2018 Revenues $ 10,879 $ 10,085 $ 9,767 Total
Vessel Corporation reported the following amounts on its 2020 comparative income statement: (in thousands) 2020 2019 2018 Revenues $ 10,879 $ 10,085 $ 9,767 Total expenses 5,995 5,680 5,110 Perform a horizontal analysis of revenues and net income-both in dollar amounts and in percentagesfor 2020 and 2019. (Round the percentage calculations to one decimal place. Use parentheses or a minus sign to indicate a decrease.) Vessel Corporation Horizontal Analysis Years Ended December 31, 2020, 2019, and 2018 Increase (Decrease) (amounts in thousands) 2020 2019 2020 2019 2018 Amount % Amount % Revenues Expenses Net income Balance sheet 2019 2018 659 678 2.49 $ 2.45 $ $ McCormick Corporation Years Ended December 31 (dollar amounts in millions) 2020 Consolidated Financial Measures and Ratios Operating Results Net earnings 772 Per common share $ 2.79 Operating income $ 1,313 Operating margin 4.3 % Gross profit percentage 22.6 % Return on net assets 13 % Return on shareholders' equity 12.7 % Interest coverage 4.2 times Financial Position Working capital 1,690 Current assets $ 6,412 Current liabilities $ 4,722 1,240 4.3% 22.8% 13 % 12.1 % 4.2 times 1,206 3.8 % 23.8 % 13 % 10.4 % 4.2 times 1,007 6,042 5,035 918 5,945 $ $ 5,027 Print Done
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started