FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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1. Using the Comparative Income Statement from Kimball Corporation, sent with this assignment, do the vertical
analysis of Cost of goods sold. The analysis is for 2 years. a. Year 2014 B. Year 2012 2. Using the Comparative
Income Statement from Kimball Corporation, sent with this assignment, do the vertical analysis of Income tax expense.
The analysis is for 2 years. a. Year 2014 b. Year 2013 3. Using the Comparative Income Statement from Kimball
Corporation, sent with this assignment, do the vertical analysis of Interest expense. The analysis is for 2 years. a. Year
2014 b. Year 2013 4. Using the Comparative Income Statement from Kimball Corporation, sent with this assignment,
do the vertical analysis of Net Income. The analysis is for 2 years. to. Year 2014 b. Year 2013
Net sales
Expenses:
3
Interest expense
Income tax expense
Other expense (income)
Total expenses
Net income
C
KIMBALL CORPORATION
Comparative Income Statement
Years Ended December 31, 2014 and 2013
Cost of goods sold
Engineering, selling, and administrative expenses
2014 2013
$300,000 $250,000
$214,200 $170,000
54,000
48,000
6,000 5,000
9,000
3,000
2,700
(1,000)
285,900
225,000
$ 14,100 $ 25,000
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Transcribed Image Text:1. Using the Comparative Income Statement from Kimball Corporation, sent with this assignment, do the vertical analysis of Cost of goods sold. The analysis is for 2 years. a. Year 2014 B. Year 2012 2. Using the Comparative Income Statement from Kimball Corporation, sent with this assignment, do the vertical analysis of Income tax expense. The analysis is for 2 years. a. Year 2014 b. Year 2013 3. Using the Comparative Income Statement from Kimball Corporation, sent with this assignment, do the vertical analysis of Interest expense. The analysis is for 2 years. a. Year 2014 b. Year 2013 4. Using the Comparative Income Statement from Kimball Corporation, sent with this assignment, do the vertical analysis of Net Income. The analysis is for 2 years. to. Year 2014 b. Year 2013 Net sales Expenses: 3 Interest expense Income tax expense Other expense (income) Total expenses Net income C KIMBALL CORPORATION Comparative Income Statement Years Ended December 31, 2014 and 2013 Cost of goods sold Engineering, selling, and administrative expenses 2014 2013 $300,000 $250,000 $214,200 $170,000 54,000 48,000 6,000 5,000 9,000 3,000 2,700 (1,000) 285,900 225,000 $ 14,100 $ 25,000
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