Conduct a vertical analysis in the given data. With solutions. Income StatementSales300,000.00 200,000.00Less: Cost of goods sold120,000.00100,000.00Gross Profit on sales180,000.00100,000.00Less: Operating expenses (including depreciation, P6,000)125,000.0060,000.00Income before income tax55,000.0040,000.00Less: Provision for income tax19,250.0014,000.00Net Income35,750.0026,000.00Balance SheetAssetsCurrent AssetsCash15,500.0012,200.00Marketable Securities5,000.0016,000.00Accounts Receivable, Net25,000.0015,000.00Finished Goods24,000.0026,000.00Work in Process16,000.0013,500.00Raw Materials12,000.008,000.001,200.00Factory SuppliesPrepaid Expenses2,000.001,800.002,300.00Total Current Assets100,500.0095,000.00Investments25,000.0020,000.00Plant, property and equipment, net of accumulated depreciationTotal assets75,000.0060,000.00200,500.00175,000.00Liabilities and Stocholder's EquityAccounts PayableIncome taxes payableAccrued expenses15,000.0022,000.0019,250.0014,000.005,000.009,000.00Total current liabilities39,250.0045,000.00Long-term debtMortgage loans payable60,000.0050,000.00Total Liabilities99,250.0095,000.00Stockholders' equity12% Preferred stock, par P10Common stock, par P10Premium on preferred stock20,000.0020,000.0030,000.0025,000.005,000.005,000.00Premium on common stock10,000.008,000.00Total Paid-in capitalRetained earningsTotal stockholders' equity65,000.0058,000.0036,250.0022,000.00101,250.0080,000.00Total Liabilities and stockholders' equity200,500.00 175,000.00

Name: Conduct a vertical analysis in the given data. With solutions. Income
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Description: Conduct a vertical analysis in the given data. With solutions. Income StatementSales300,000.00 200,000.00Less: Cost of goods sold120,000.00100,000.00Gross Profit on sales180,000.00100,000.00Less: Operating expenses (including depreciation, P6,000)125

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Conduct a vertical analysis in the given data. With solutions

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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