Managerial Accounting: Tools for Business Decision Making
7th Edition
ISBN: 9781118334331
Author: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Publisher: WILEY
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Textbook Question
Chapter 14, Problem 14.1E
Financial information for Kurzen Inc. is presented below.
| December 31, 2017 | December 31, 2016 | |
| Current assets | $125,000 | $100,000 |
| Plant assets (net) | 396,000 | 330,000 |
| Current liabilities | 91,000 | 70,000 |
| Long-term liabilities | 133,000 | 95,000 |
| Common stock, $ 1 par | 161,000 | 115,000 |
| 136,000 | 150,000 |
Instructions
Prepare a schedule showing a horizontal analysis for 2017 using 2016 as the base year.
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Financial information for Kurzen INC. is presented below.
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December 31, 2017
December 31, 2016
Current assets
$125,000
$100,000
Plant assets (net)
396,000
330,000
Current liabilities
91,000
70,000
Long - term liabilities
133,000
95,000
Common stock, $1 par
161,000
115,000
Retained earnings
136,000
150,000
Instructions:
Prepare a schedule showing a horizontal analysis for 2017 using 2016 as the base year?
Here is financial information for Lelemon Inc. Using the Excel spreadsheet provided, prepare a schedule showing a horizontal analysis for 2020, using 2019 as the base year.
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December 31, 2020
December 31, 2017
Current assets
$106,000
$90,000
Plant assets (net)
400,000
350,000
Current liabilities
99,000
65,000
Long-term liabilities
122,000
90,000
Common stock, $1 par
130,000
115,000
Retained earnings
155,000
170,000
Financial information for Sarfaraz Co. is presented below                                                            Â
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December 31. 2018
December 31, 2017
Current Assets
RS. 128,000
Rs. 100,000
Plant Assets
      396,000
      330,000
Current Liabilities
        91,000
        70,000
Long- Term Liabilities
       138,700
        95,000
CommonStockRs.1 par
       159,000
      115,000
Retained Earning
       135,300
      150,000
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Required: Prepare a schedule showing a horizontal analysis 2018 using 2017 as the base year
Chapter 14 Solutions
Managerial Accounting: Tools for Business Decision Making
Ch. 14 - (a) Jose Ramirez believes that the analysis of...Ch. 14 - (a) Distinguish among the following bases of...Ch. 14 - Prob. 3QCh. 14 - Prob. 4QCh. 14 - Prob. 5QCh. 14 - Prob. 6QCh. 14 - Prob. 7QCh. 14 - What do the following classes of ratios measure?...Ch. 14 - What is the difference between the current ratio...Ch. 14 - Hizar Company, a retail store, has an accounts...
Ch. 14 - Which ratios should be used to help answer the...Ch. 14 - The price-earnings ratio of General Motors...Ch. 14 - What is the formula for computing the payout...Ch. 14 - Holding all other factors constant, indicate...Ch. 14 - Prob. 15QCh. 14 - Prob. 16QCh. 14 - Prob. 17QCh. 14 - Prob. 18QCh. 14 - Prob. 19QCh. 14 - Why is it important to report discontinued...Ch. 14 - You are considering investing in Wingert...Ch. 14 - Prob. 22QCh. 14 - Prob. 23QCh. 14 - You recently received a letter from your Uncle...Ch. 14 - Prob. 14.2BECh. 14 - Using the following data from the comparative...Ch. 14 - Using the same data presented above in BE14-3 for...Ch. 14 - Net income was 500,000 in 2016, 450,000 in 2017,...Ch. 14 - Prob. 14.6BECh. 14 - Prob. 14.7BECh. 14 - Prob. 14.8BECh. 14 - Prob. 14.9BECh. 14 - Prob. 14.10BECh. 14 - The following data are taken from the financial...Ch. 14 - Prob. 14.12BECh. 14 - Prob. 14.13BECh. 14 - Prob. 14.14BECh. 14 - On June 30. Holloway Corporation discontinued its...Ch. 14 - Prob. 14.1DICh. 14 - Prob. 14.2DICh. 14 - In its proposed 2017 income statement. Hrabik...Ch. 14 - Financial information for Kurzen Inc. is presented...Ch. 14 - Operating data for Navarro Corporation are...Ch. 14 - The comparative condensed balance sheets of Gurley...Ch. 14 - The comparative condensed income statements of...Ch. 14 - Suppose Nordstrom, Inc., which operates department...Ch. 14 - Keener Incorporated had the following transactions...Ch. 14 - Frizell Company has the following comparative...Ch. 14 - Prob. 14.8ECh. 14 - Prob. 14.9ECh. 14 - Prob. 14.10ECh. 14 - Wiemers Corporations comparative balance sheets...Ch. 14 - Prob. 14.12ECh. 14 - Prob. 14.13ECh. 14 - Comparative statement data for Farris Company and...Ch. 14 - The comparative statements of Painter Tool Company...Ch. 14 - Prob. 14.3APCh. 14 - Financial information for Messersmith Company is...Ch. 14 - Prob. 14.5APCh. 14 - Prob. 14.6APCh. 14 - Prob. 14.7APCh. 14 - Prob. 14.8APCh. 14 - Prob. 14.9APCh. 14 - Financial Reporting Problem: Apple Inc. Your...Ch. 14 - PepsiCos financial statements are presented at...Ch. 14 - Prob. 14.3BYPCh. 14 - As the CPA for Gandara Manufacturing Inc., you...Ch. 14 - The Management Discussion and Analysis section of...Ch. 14 - Prob. 14.6BYPCh. 14 - Dave Schonhardt, president of Schonhardt...
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