Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Use the vertical analysis of the company and a horizontal analysis of the company downloaded from Ascension Health . Discuss your findings by answering the
Use the vertical analysis of the company and a horizontal analysis of the company downloaded from Ascension Health .
Discuss your findings by answering the following:
Is Ascension Health growing? How do you know?
What line items reflected the largest-percentage increases and/or decreases?
W hat is the financial impact these changes have on the company's financial viability currently and in the future?
Assets Cash Marketable securities Notes Receivable Accounts Receivable Merchandise Inventory Prepaid expenses Total current assets Property, plant, and equipment Total assets Liabilities Accounts payable Salaries payable Taxes payable Professor Office Hoirzontal Analysis of Comparative Balance Sheets For Years Ended December 31, 2014 and 2013 Total current liabilities Bonds payable, 5% Total liabilities Stockholder's equity: Preferred stock 6%, Common stock Retained earnings $ $ $ Total stockholder's equity Total liabilities and stockholders equity $ 2014 33,000 $ 20,000 5,000 50,000 70,000 6,000 184,000 340,000 524,000 $ 41,000 $ 2,000 4,000 47,000 100,000 147,000 40,000 175,000 162,000 377,000 524,000 $ 2013 28,000 $ 22,000 3,000 56,000 43,000 4,000 156,000 310,000 466,000 38,000 $ 3,500 2,000 43,500 100,000 143,500 40,000 145,500 137,000 322,500 466,000 Increase or Decrease Amount 5,000 (2,000) 2,000 (6,000) 27,000 2,000 28,000 30,000 58,000 3,000 (1,500) 2,000 3,500 3,500 29,500 25,000 54,500 58,000 Percent 17.86% (9.09%) 66.67% (10.71%) 62.79% 50.00% 17.95% 9.68% 12.45% 7.32% (75.00%) 50.00% 7.45% 0.00% 2.38% 0.00% 16.86% 15.43% 14.46% 11.07%
Step by Step Solution
★★★★★
3.38 Rating (173 Votes )
There are 3 Steps involved in it
Step: 1
ANSWER Based on the horizontal and vertical analysis of Ascension Healths financial statements we can make the following observations Is Ascension Hea...Get Instant Access to Expert-Tailored 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