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CHAPTER 18 Financial Analysis: The Big Picture Exercises Instructions Prepare a statement of comprehensive income, beginning with income from continuing operations. re horizontal analysis. E18.3 (LO 2) Here is financial information for Glitter Inc. Excel December 31, 2020 December 31, 2019 Current assets $106,000 400,000 $ 90,000 350,000 65,000 90,000 115,000 170,000 Plant asscts (nct) Current liabilities Long-term liabilities Common stock, $1 par Retained carnings 99,000 122,000 130,000 155,000 Instructions Prepare a schedule showing a horizontal analysis for 2020, using 2019 as the base year. are vertical analysis. E18.4 (LO 2) Operating data for Joshua Corporation are presentcd below. 2020 2019 Excel $800,000 520,000 120,000 60,000 30,000 70,000 $600,000 408,000 72,000 48,000 24,000 48,000 Sales revenuc Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income Instructions Prepare a schedule showing a vertical analysis for 2020 and 2019. E18.5 (LO 2) Suppose the comparative balance sheets of Nike, Inc. are presented here. are horizontal and vertical lyses. Nike, Inc. Comparative Balance Sheets May 31 ($ in millions) 2020 2019 Assets $ 9,734 1,958 1,558 $ 8,839 1,891 1,713 Current assets we u correct statement of wchensive income. Property, plant, and equipment (net) Other assets oriz $12,443 $13,250 Total assets $ 3,322 1.296 Liabilities and Stockholders' Equity $ 3,277

CHAPTER 18 Financial Analysis: The Big Picture Exercises Instructions Prepare a statement of comprehensive income, beginning with income from continuing operations. re horizontal analysis. E18.3 (LO 2) Here is financial information for Glitter Inc. Excel December 31, 2020 December 31, 2019 Current assets $106,000 400,000 $ 90,000 350,000 65,000 90,000 115,000 170,000 Plant asscts (nct) Current liabilities Long-term liabilities Common stock, $1 par Retained carnings 99,000 122,000 130,000 155,000 Instructions Prepare a schedule showing a horizontal analysis for 2020, using 2019 as the base year. are vertical analysis. E18.4 (LO 2) Operating data for Joshua Corporation are presentcd below. 2020 2019 Excel $800,000 520,000 120,000 60,000 30,000 70,000 $600,000 408,000 72,000 48,000 24,000 48,000 Sales revenuc Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income Instructions Prepare a schedule showing a vertical analysis for 2020 and 2019. E18.5 (LO 2) Suppose the comparative balance sheets of Nike, Inc. are presented here. are horizontal and vertical lyses. Nike, Inc. Comparative Balance Sheets May 31 ($ in millions) 2020 2019 Assets $ 9,734 1,958 1,558 $ 8,839 1,891 1,713 Current assets we u correct statement of wchensive income. Property, plant, and equipment (net) Other assets oriz $12,443 $13,250 Total assets $ 3,322 1.296 Liabilities and Stockholders' Equity $ 3,277

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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CHAPTER 18 Financial Analysis: The Big Picture Exercises Instructions Prepare a statement of comprehensive income, beginning with income from continuing operations. re horizontal analysis. E18.3 (LO 2) Here is financial information for Glitter Inc. December 31, 2020 December 31, 2019 Excel $ 90,000 350,000 65,000 $106,000 400,000 99,000 122,000 130,000 155,000 Current assets Plant assets (nct) Current liabilities Long-term liabilities Common stock, $1 par Retained earnings 90,000 115,000 170,000 Instructions Prepare a schedule showing a horizontal analysis for 2020, using 2019 as the base year. pare vertical analysis. E18.4 (LO 2) Operating data for Joshua Corporation are presented below. 2020 2019 Excel $600,000 $800,000 520,000 120,000 60,000 30,000 70,000 Sales revenuc 408,000 Cost of goods sold Selling expenses Administrative expenses 72,000 48,000 24,000 48,000 Income tax expense Net income Instructions Prepare a schedule showing a vertical analysis for 2020 and 2019. E18.5 (LO 2) Suppose the comparative balance shccts of Nike, Inc. are presented here. are horizontal and vertical yaes. at 6 (chape Nike, Inc. Comparative Balance Sheets May 31 ($ in millions) 2019 2020 Assets $ 8,839 $ 9,734 1,958 1,558 1,891 data Current assets Property, plant, and equipment (net) Other assets 1,713 Prepare a correct statement of comprehensive income. orizonto $12,443 $13,250 Total assets $ 3,322 $ 3,277 280 Liabilities and Stockholders' Equity Doce 1,296
Transcribed Image Text:CHAPTER 18 Financial Analysis: The Big Picture Exercises Instructions Prepare a statement of comprehensive income, beginning with income from continuing operations. re horizontal analysis. E18.3 (LO 2) Here is financial information for Glitter Inc. December 31, 2020 December 31, 2019 Excel $ 90,000 350,000 65,000 $106,000 400,000 99,000 122,000 130,000 155,000 Current assets Plant assets (nct) Current liabilities Long-term liabilities Common stock, $1 par Retained earnings 90,000 115,000 170,000 Instructions Prepare a schedule showing a horizontal analysis for 2020, using 2019 as the base year. pare vertical analysis. E18.4 (LO 2) Operating data for Joshua Corporation are presented below. 2020 2019 Excel $600,000 $800,000 520,000 120,000 60,000 30,000 70,000 Sales revenuc 408,000 Cost of goods sold Selling expenses Administrative expenses 72,000 48,000 24,000 48,000 Income tax expense Net income Instructions Prepare a schedule showing a vertical analysis for 2020 and 2019. E18.5 (LO 2) Suppose the comparative balance shccts of Nike, Inc. are presented here. are horizontal and vertical yaes. at 6 (chape Nike, Inc. Comparative Balance Sheets May 31 ($ in millions) 2019 2020 Assets $ 8,839 $ 9,734 1,958 1,558 1,891 data Current assets Property, plant, and equipment (net) Other assets 1,713 Prepare a correct statement of comprehensive income. orizonto $12,443 $13,250 Total assets $ 3,322 $ 3,277 280 Liabilities and Stockholders' Equity Doce 1,296
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