Problem 13-18A (Algo) Vertical analysis LO 13-1 Required Prepare a vertical analysis of both the balance sheets and Income statements for Year 4 and Year 3. Complete this question by entering your answers in the tabs below. Balance Sheet Prepare a vertical analysis of the income statements for Year 4 and Year 3. Note: Percentages may not add exactly due to rounding. Round your answers to 2 decimal places. (i.e., .2345 should be entered as 23.45). Revenues Sales (net) Other revenues Income Statement Total revenues Expenses Net income RUNDLE COMPANY Vertical Analysis of Income Statements Year 4 Cost of goods sold Selling, general, and administrative expense Interest expense Income tax expense Total expenses Amount $ 231,300 8,100 239,400 120,000 53,200 7,800 22,300 203,300 $36,100 < Balance Sheet Percentage of Total Amount % Year 3 %S 212,000 15,200 217,200 101,700 49,500 7,000 21,300 179,500 $ 37,700 Income Statement > Percentage of Total %
Problem 13-18A (Algo) Vertical analysis LO 13-1 Required Prepare a vertical analysis of both the balance sheets and Income statements for Year 4 and Year 3. Complete this question by entering your answers in the tabs below. Balance Sheet Prepare a vertical analysis of the income statements for Year 4 and Year 3. Note: Percentages may not add exactly due to rounding. Round your answers to 2 decimal places. (i.e., .2345 should be entered as 23.45). Revenues Sales (net) Other revenues Income Statement Total revenues Expenses Net income RUNDLE COMPANY Vertical Analysis of Income Statements Year 4 Cost of goods sold Selling, general, and administrative expense Interest expense Income tax expense Total expenses Amount $ 231,300 8,100 239,400 120,000 53,200 7,800 22,300 203,300 $36,100 < Balance Sheet Percentage of Total Amount % Year 3 %S 212,000 15,200 217,200 101,700 49,500 7,000 21,300 179,500 $ 37,700 Income Statement > Percentage of Total %
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter24: Analysis Of Financial Statements
Section: Chapter Questions
Problem 9SPA
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