sing the following selected items from the comparative balance sheet of Oriole Products. Determine the horizontal analysis. (Round percentages to 2 decimal places, e.g. 12.21%. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) ORIOLEPRODUCTS Comparative Balance Sheet December 31
sing the following selected items from the comparative balance sheet of Oriole Products. Determine the horizontal analysis. (Round percentages to 2 decimal places, e.g. 12.21%. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) ORIOLEPRODUCTS Comparative Balance Sheet December 31
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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Question
Using the following selected items from the comparative
Determine the horizontal analysis. (Round percentages to 2 decimal places, e.g. 12.21%. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)
|
ORIOLEPRODUCTS
Comparative Balance Sheet December 31 |
||||||||
|---|---|---|---|---|---|---|---|---|
|
2014
|
2013
|
|||||||
| Horizontal analysis |
Amount
|
Percentage
|
Amount
|
Percentage
|
||||
|
Current assets
|
$110,880
|
enter percentages
|
%
|
$128,216
|
enter percentages
|
%
|
||
|
Long-term assets
|
174,240
|
enter percentages
|
%
|
117,304
|
enter percentages
|
%
|
||
|
Total assets
|
3,168,000
|
enter percentages
|
%
|
2,728,000
|
enter percentages
|
%
|
Determine the vertical analysis. (Round percentages to 1 decimal place, e.g. 12.2%.)
|
ORIOLEPRODUCTS
Comparative Balance Sheet December 31 |
||||||||
|---|---|---|---|---|---|---|---|---|
|
2014
|
2013
|
|||||||
| Vertical analysis |
Amount
|
Percentage
|
Amount
|
Percentage
|
||||
|
Current assets
|
$110,880
|
enter percentages
|
%
|
$128,216
|
enter percentages
|
%
|
||
|
Long-term assets
|
174,240
|
enter percentages
|
%
|
117,304
|
enter percentages
|
%
|
||
|
Total assets
|
3,168,000
|
enter percentages
|
%
|
2,728,000
|
enter percentages
|
%
|
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