gpl 2. Prepare a horizontal analysis for 2025 using 2024 as the base year. (Note: If the percentage increase or decreasecannot be calculated, then leave the cell blank. Decreases should be indicated by a minus sign. Round your percentageanswers to 1 decimal place.)AssetsCashAccounts receivableInventoryBuildingsFEDERER SPORTS APPARELBalance SheetDecember 31YearIncrease (Decrease)20252024Amount%$2,431,000 $ 754,0001,581,0001,305,0003,128,0001,595,00011,832,00011,832,000(1,972,000)(986,000)Less: Accumulated depreciationTotal assetsLiabilities and Stockholders' EquityAccounts payableContingent liabilityCommon stock$ 17,000,000 $ 14,500,0001,496,000 $ 1,856,000$1,360,0001,100,0007 888 0007 888 0001

General formula:Horizontal analysis (% of change) = [(Comparison period - Base period)/Base period]…

Answered: 2. Prepare a horizontal analysis for…

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter12: Fainancial Statement Analysis

Section: Chapter Questions

Problem 99.3C

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19. Using the following information, calculate the return on assets. Net income for November Total assets, November 1 Total assets, November 30 15,555 85,000 98,000 $ Identify the formula and then solve for return on assets (ROA). (Round the ROA to the nearest tenth percent, X.X%.) ROA + + = %
Calculate the following ratios for 2025 and 2026. (Round current ratio to 2 decimal places, e.g. 12.61, debts to assets and gross profit rate to 0 decimal places, e.g.12, and all other answers to 1 decimal place, e.g. 12.6%) Please show your work. 1. Current ratio 2. Debts to assets 3. Gross profit rate 4. Profit margin 5. Return on assets (Total assets at November 1, 2024, were $35,180) 6. Return on common stockholder's equity (Total common stockholders' equity at November 1, 2024, was $25, 180. Dividends on preferred stock were $16,800 in 2025 and $18,000 in 2026)
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Perform a horizontal analysis on the following information providing both the dollar amount and percentage change (Decrease in amount should be indicated by a minus sign. Round your percentages to 1 decimal place.): 2021 2020 $ 680,000 $ 190,000 720, 000 590, 000 2,300, 000 $4,150,000 $3,800, 000 Cash Accounts receivable 950,000 Inventory 720,000 1,800,000 Long-term assets Total assets Increase (Decrease) Amount % Cash 38.6 Accounts receivable Inventory Long-term assets Total assets
Required: Prepare a horizontal analysis for 2022 using 2021 as the base year. (Decreases should be indicated with a minus sign. Round your percentage answers to 1 decimal place.) FEDERER SPORTS APPAREL Income Statement For the Years Ended December 31 Year Increase (Decrease) 2022 2021 Amount % Net sales $ 18,900,000 $ 15,600,000 $ 3,300,000 2.1 Cost of goods sold 13,154,400 7,066,800 6,087,600 86.1 Gross profit 5,745,600 8,533,200 (2,787,600) (32.6): Operating expenses 1,625,400 1,216,800 408,600 33.5 Depreciation expense 1,020,600 1,020,600 Inventory write-down 226,800 226,800 0.0 Loss (litigation) 1,530,900 312,000 1,218,900 39.0 Income before tax 1,341,900 5,983,800 4,641,900 0.7 Income tax expense 472,500 2,028,000 1,555,500 0.7 Net income $ 869,400 $ 3,955,800 $ 3,086,400 0.7
1. Do the current Ration part 2. Please do a common-size comparative income statements for years Ended December 31,2022, 2019, and 2018 3. Do a balance sheet data in Trend Percents for December 31,2020, 2019, and 2018 Thank you
ETYMISHTE 16598 (AIYv, i un Miyul 2. Prepare a horizontal analysis of Fantasy Football's 2024 balance sheet using 2023 as the base year. (Values to be deducted and decreases should be indicated by a minus sign. Round your percentage answers to 1 decimal place.) Assets Current assets: Cash Accounts receivable Inventory Supplies Long-term assets: Equipment Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable Long-term liabilities: Notes payable Stockholders' equity: Common stock Retained earnings Total liabilities and stockholders' equity Answer is complete but not entirely correct. FANTASY FOOTBALL Balance Sheets December 31 $ 2024 Year 2023 190,800 $ 284,800 748,800 835,200 1,839,600 1,094,400 158,400 92,800 1,123,200 1,123,200 (460,800) (230,400) $ 3,600,000 $ 3,200,000 $ 151,200 $ 80,000 0 3,200 86,400 86,400 950,400 950,400 Increase (Decrease) Amount % 94,000,000 86,400,000 X…
Perform a horizontal analysis providing both the amount and percentage change. (Round your Percentage answers to 1 decimal place. Decreases should be indicated by a minus sign.) Year 2021 2020 Cash $ 420,000 $ 1,050,000 Accounts receivable 660,000 300,000 Inventory 1,020,000 925,000 Long-term assets 3,900,000 2,725,000 Total assets $ 6,000,000 $ 5,000,000
s
ht Net sales Cost of sales Gross margin FRENCH INSTRUMENT CORPORATION AND SUBSIDIARIES Consolidated Statements of Operation (Unaudited) (In thousands of dollars, except share data) Expenses: Selling, general and administrative Product development Interest expense Other (income), net Total expenses Income before income taxes Provision for income taxes Net income Net income per common share* Weighted average number of common shares and equivalents $ $ $ Second Quarter 2023 6,754 $ 4,097 2,657 1,853 183 106 (164) 1,978 679 273 406 $ 0.05 $ 6,673,673 2022 7,007 4,470 2,537 1,791 173 131 (91) 2,004 533 217 316 0.03 6,624,184 Percent of net
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Based on the information in the image, calculate the percentage+ dollar increase for each row and list the 3 largest assets, including the dollar ($) amount and percentage (%) increase.

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