Here are comparative financial statement data for Vaughn Company and Mary Company, two competitors. All data are as ofDecember 31, 2022, and December 31, 2021.Net salesCost of goods soldOperating expensesInterest expenseIncome tax expenseCurrent assetsPlant assets (net)Current liabilities$Long-term liabilitiesCommon stock, $10 parRetained earnings(a)Vaughn CompanyDollars2022$1,842,0001,040,730268,9329,21053,418323,500 $314,800520,500501,50064,000109,000497,500173,500$202174,800Vaughn Company91,000497,500153,000DollarsICondensed Income StatementPercent%2022%Mary Company$561,000297,33077.9793,927Prepare a vertical analysis of the 2022 income statement data for Vaughn Company and Mary Company. (Round percentages to 1decimal place, e.g. 12.1%)83,2006,73230,600138,300 125,40034,00028,600Vaughn Company20214$78,600117,000 117,00039,900$24,200Condensed Income Statement34,200PercentDollars%%%%%%%%%$Mary CompanyDollarsPercentMan%%

Vertical analysis is the statement prepared by the entity to determine the percentage of each line…

Here are comparative financial statement data for Vaughn Company and Mary Company, two competitors. All data are as of December 31, 2022, and December 31, 2021. Net sales Cost of goods sold Operating expenses Interest expense Income tax expense Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock, $10 par Retained earnings (a) Vaughn Company 2022 $1,842,000 1,040,730 268,932 9,210 53,418 323,500 520,500 64,000 109,000 497,500 173,500 2021 Mary Company Dollars 2022 I $561,000 297,330 77.979 3,927 6,732 83,200 138,300 $314,800 $78,600 501,500 125,400 74,800 28,600 91,000 30,600 24,200 497,500 117,000 117,000 153,000 39,900 34,000 2021 Prepare a vertical analysis of the 2022 income statement data for Vaughn Company and Mary Company. (Round percentages to 1 decimal place, eg. 12.1%) 34,200 Vaughn Company Condensed Income Statement Percent % % % % % % % % % 5 $ $ Dollars Man

Here are comparative financial statement data for Vaughn Company and Mary Company, two competitors. All data are as of December 31, 2022, and December 31, 2021. Net sales Cost of goods sold Operating expenses Interest expense Income tax expense Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock, $10 par Retained earnings (a) Vaughn Company 2022 $1,842,000 1,040,730 268,932 9,210 53,418 323,500 520,500 64,000 109,000 497,500 173,500 2021 Mary Company Dollars 2022 I $561,000 297,330 77.979 3,927 6,732 83,200 138,300 $314,800 $78,600 501,500 125,400 74,800 28,600 91,000 30,600 24,200 497,500 117,000 117,000 153,000 39,900 34,000 2021 Prepare a vertical analysis of the 2022 income statement data for Vaughn Company and Mary Company. (Round percentages to 1 decimal place, eg. 12.1%) 34,200 Vaughn Company Condensed Income Statement Percent % % % % % % % % % 5 $ $ Dollars Man

Financial And Managerial Accounting

15th Edition

ISBN:9781337902663

Author:WARREN, Carl S.

Publisher:WARREN, Carl S.

Chapter14: Financial Statement Analysis

Section: Chapter Questions

Problem 26E: Comprehensive income Anson Industries, Inc., reported the following information on its 20Y1 income...

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