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…

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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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
Begin by calculating the gross profit for each year, then prepare a horizontal analysis of revenues and gross profitlong dash—both in dollar amounts and in percentageslong dash—for 20192019 and 20182018. (Enter amounts in millions as provided to you in the problem statement. Round the percentages to one decimal place, X.X%. Use a minus sign or parentheses to indicate a decrease.) McDonald Corp. Income Statement - (Partial) Years Ended December 31, 2019 and 2018 (Amounts in millions) 2019 2018 2017 Revenues $9,575 $9,300 $8,975 Cost of Goods Sold 6,250 6,000 5,890 Gross Profit
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…
You have been presented with the following selected information from the financial statements of one of Canada's largest dairy producers, Saputo Inc. (in $ millions): Statement of financial position 2021 2020 2019 Accounts receivable $1,217 $1,372 $1,248 Inventory 2,294 2,221 1,681 Total current assets 3,948 4,069 3,134 Total assets 13,123 13,793 9,886 Current liabilities 2,146 2,494 1,932 Total liabilities 6,679 7,234 4,465 Statement of income Sales $14,294 $14,944 $13,502 Cost of goods sold 9,575 10,181 9,179 Interest expense 79 96 67 Income tax expense 218 217 230 Net income 626 583 755
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
Calculate the Horizontal (Trend) Analysis and horizontal analysis % change for the year 2020, 2019, 2020 Please use excel to calculate the formula Thank you! Toyota Motor Corporation Consolidated Balance Sheet 2020 2019 2018 Assets Current Assets Cash and Cash equivalents 4190518 3574704 3,052,269 Time Deposits 828220 1126352 901244 Marketable securities 678731 1127160 1768360 Trade accounts and notes recievables 2094894 2372734 2219562 less A.F.D.A. Finance receivables, net 6614171 6647771 6438306 Other recievables 564854 568156 489338 Inventories 2434918 2656396 2539789 Prepaid expenses and other current assets 1236225 805964 833788 Total current assets 18642531 18879237 18,242,656 Noncurrent finance recievables, net 10423858 10281118 9481618 Investments and other assets: Marketable…
Use the following information to calculate, to one decimal place, the return on assets (ROA) for FY21: FY21 FY20 $m $m Total assets 5,887 5,000 Finance costs 50 Тах expense 300 Profit 700
19. Using the following information, calculate the return on assets Net income for November, 2024 5.000 Total assets, November 1, 2024 76.000 Total assets, November 30, 2024 80,250 D identify the formula and then solve for retums on assets (ROA) Round the ROA to the nearest tem ROA

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