Exercise 12-2 (Algo) Prepare vertical analysis (LO12-1)The income statements for Federer Sports Apparel for 2025 and 2024 are presented below.Required:Prepare a vertical analysis of the data for 2025 and 2024. (Round your percentage answers to 1 decimal place.)Net salesCost of goods soldGross profitOperating expensesDepreciation expenseInventory write-downLoss (litigation)Income before taxIncome tax expenseNet incomeFEDERER SPORTS APPARELIncome StatementFor the Years Ended December 312025$$Amount19,000,00013,110,0005,890,0001,653,0001,045,000247,0001,558,0001,387,000494,000893,000%$$Amount202415,700,0007,127,8008,572,2001,240,3001,051,9000329,7005,950,3002,056,7003,893,600%

Lets understand the basics.Income statement analysis can be made using,(1) Verticle analysis (2)…

Exercise 12-2 (Algo) Prepare vertical analysis (LO12-1) The income statements for Federer Sports Apparel for 2025 and 2024 are presented below. Required: Prepare a vertical analysis of the data for 2025 and 2024. (Round your percentage answers to 1 decimal plac Net sales Cost of goods sold FEDERER SPORTS APPAREL Income Statement For the Years Ended December 31 2025 $ Amount 19,000,000 13,110,000 % $ Amount 2024 15,700,000 7,127,800 %

Exercise 12-2 (Algo) Prepare vertical analysis (LO12-1) The income statements for Federer Sports Apparel for 2025 and 2024 are presented below. Required: Prepare a vertical analysis of the data for 2025 and 2024. (Round your percentage answers to 1 decimal plac Net sales Cost of goods sold FEDERER SPORTS APPAREL Income Statement For the Years Ended December 31 2025 $ Amount 19,000,000 13,110,000 % $ Amount 2024 15,700,000 7,127,800 %

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Exercise 12-3 (Algo) Prepare horizontal analysis (LO12-2) The income statements for Federer Sports Apparel for 2025 and 2024 are presented below. Required: Prepare a horizontal analysis for 2025 using 2024 as the base year. (Decreases should be indicated with a minus sign. Round your percentage answers to 1 decimal place.) Net sales Cost of goods sold Gross profit Operating expenses Depreciation expense Inventory write-down Loss (litigation) Income before tax Income tax expense Net income Income Statement For the Years Ended December 31 Year $ FEDERER SPORTS APPAREL $ 2025 2024 15,400,000 6,945,400 8,454,600 1,170,400 972,400 18,700,000 $ 13,239,600 5,460,400 1,570,800 972,400 187,000 1,477,300 308,000 1,252,900 6,003,800 430,100 1,971,200 822,800 $ 4,032,600 Increase (Decrease) Amount %
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