Perform a vertical analysis of the P&L (FS Company)."Formula: Vertical Analysis % Each income statement items / Revenues (or Net sales)Fill in each Blank. Round your answers to the nearest tenth percent, i.e. 4.5%. PLEASE SUBMITYOUR ANSWERS IN % and include the % symbol. Do not leave any blank. If the answer is 0, besure to put 0.Cost ofgoods soldGrossprofitNet sales $858,000 Select]OtherexpensesInterestrevenueIncomefromoperationsInterestexpense2018IncomebeforeincometaxesIncometaxexpenseNetincome513,000345,000244,000101,0004,00024,00081,00033,000FS CompanyComparative P&L statementYears Ended December 31, 2018 and 201748,000% of salesSelect J[Select]| Select |[Select][Select][Select][ Select]Select]Select<2017$803,000✓ 509,000✓294,000✓ 237,000<✓ 57,000114,000✓43,000✓ 17,000✓26,000% of sales[Select][ Select][Select]| Select]| Select][ Select]| Select]| Select][Select][Select]<<VV><>>>

Vertical analysis of a Profit and Loss (P&L) account is a financial analysis approach that…

Perform a vertical analysis of the P&L (FS Company). "Formula: Vertical Analysis % Each income statement items / Revenues (or Net sales) Fill in each Blank. Round your answers to the nearest tenth percent, i.e. 4.5%. PLEASE SUBMIT YOUR ANSWERS IN % and include the % symbol. Do not leave any blank. If the answer is 0, be sure to put 0. Cost of goods sold Gross profit Net sales $858,000 Select] [ Other expenses Interest revenue Income from operations Interest expense Income before income. taxes 2018 Income tax expense Net Income 513,000 345,000 244,000 101,000 4,000 24,000 81,000 33,000 FS Company Comparative P&L statement Years Ended December 31, 2018 and 2017 48,000 % of sales | Select) [Select] | Select] [Select] [Select] [Select] [Select] [Select] Select < 2017 ✓ 509,000 $803,000 ✓294,000 ✓237,000 V ✓57,000 < *** 14,000 ✓43,000 ✓ 17,000 ✓26,000 % of sales [Select] [ Select] | Select | | Select] | Select] | Select] [Select] | Select [Select] Select] < < < V V < > >

Perform a vertical analysis of the P&L (FS Company). "Formula: Vertical Analysis % Each income statement items / Revenues (or Net sales) Fill in each Blank. Round your answers to the nearest tenth percent, i.e. 4.5%. PLEASE SUBMIT YOUR ANSWERS IN % and include the % symbol. Do not leave any blank. If the answer is 0, be sure to put 0. Cost of goods sold Gross profit Net sales $858,000 Select] [ Other expenses Interest revenue Income from operations Interest expense Income before income. taxes 2018 Income tax expense Net Income 513,000 345,000 244,000 101,000 4,000 24,000 81,000 33,000 FS Company Comparative P&L statement Years Ended December 31, 2018 and 2017 48,000 % of sales | Select) [Select] | Select] [Select] [Select] [Select] [Select] [Select] Select < 2017 ✓ 509,000 $803,000 ✓294,000 ✓237,000 V ✓57,000 < *** 14,000 ✓43,000 ✓ 17,000 ✓26,000 % of sales [Select] [ Select] | Select | | Select] | Select] | Select] [Select] | Select [Select] Select] < < < V V < > >

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter9: Metric-analysis Of Financial Statements

Section: Chapter Questions

Problem 9.1E

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Compete the comparative income statement and balance sheet for logic company. Note: all input numbers are positive except decrease answers that should be a minus sign. Your the percent to the nearest hundredth percent.
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The Street Division of Labrosse Logistics just started operations. It purchased depreciable assets costing $37.7 million and having a four-year expected life, after which the assets can be salvaged for $7.54 million. In addition, the division has $37.7 million in assets that are not depreciable. After four years, the division will have $37.7 million available from these nondepreciable assets. This means that the division has invested $75.4 million in assets with a salvage value of $45.24 million. Annual operating cash flows are $13.7 million. In computing ROI, this division uses end-of-year asset values in the denominator. Depreciation is computed on a straight-line basis, recognizing the salvage values noted. Ignore taxes. In computing ROI, this division uses end-of-year asset values. Assume that all cash flows increase 10 percent at the end of each year. This has the following effect on the assets' replacement cost and annual cash flows: End of Year 1 234 Replacement Cost $75,400,000…
Current assets: Cash Accounts receivable Merchandise inventory Prepaid expenses Total current assets Plant and equipment: Building (net) Land T Total assets Total plant and equipment Assets Total assets Liabilities Current liabilities: Accounts payable Salaries payable Total current liabilities Long-term liabilities: Mortgage note payable despaces Stockholders' Equity Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $ $ $ $ Show Transcribed Text S $ LOGIC COMPANY Comparative Balance Sheet December 31, 2019 and 2020 2020 $ $ $ $ $ $ Amount www. 93,200 13,700 7,700 21,400 22,700 44,100 12,700 17,200 9,200 21,700 27,400 49,100 93,200 24,700 63.800 15,200 14,200 29,400 93,200 Percent. $ $ $ $ S $ $ $ $ $ $ $ ---- 69,900 7,700 5,700 13,400 21,200 34,600 21,700 13,600 35,300 69,900 Amount 2019 9,700 13,200 14,700 10,700 48.300 11,900 9,700 21,600 69,900 Percent
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