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Horizontal Analysis
A. Perform HORIZONTAL ANALYSIS on the Warrior Corp. Balance Sheet data below:
2008
2007
$ AMOUNT
% PERCENT
CURRENT ASSETS
$121,000
$100,000
$
%
ACCOUNTS RECEIVABLE
117,000
125,000
MERCHANDISE INVENTORY
70,000
85,000
CURRENT LIABILITIES
63,500
50,000
LONG-TERM LIABILITIES
100,000
COMMON STOCK
RETAINED EARNINGS
94,500
110,.000
B. Perform HORIZONTAL ANALYSIS on the Warrior Corp. Income Statement data below:
NET SALES REVENUE
$557,000
$500,000
COST OF GOODS SOLD
400,000
395,000
GROSS PROFIT
157,000
105,000
OPERATING EXPENSES
INCOME BEFORE TAX
87,000
55,000
INCOME TAXES
24,000
16,500
NET INCOME
$63,000
$38,500
C. What positive or negative changes contributed to the increase in Net Income?
2006
2005
NET SALES
$78,100
$75,000
$67,000
$55,000
33,200
32,000
30,000
20,000
44.900
43,000
37,000
35,000
25,700
22,000
19,000
14,000
19,200
21,000
18,000
Trend Analysis
A. Compete the table below using TREND ANALYSIS and using 2005 as the base year.
B. What can you learn from the trend analysis?
Vertical Analysis -
A. Perform VERTICAL ANALYSIS using Laker Co. Income Statement data:
LAKER CO percentage %
INDUSTRY AVERAGE %
100%
68
32
14
NET INCOME BEFORE INCOME TAX
18
INCOME TAX EXPENSE
4
63,000
B. How does LAKER CO. compare to the Industry averages?
Missing Amounts -
The following data is given for Clipper Co.
TOTAL CURRENT ASSETS
$36,000
ACCUMULATED DEPRECIATION
$ 5,000
TOTAL LIABILITIES
$52,000
DEBT RATIO
80%
CURRENT RATIO
1.20
A. Using the information above, compute the dollar amounts for the Balance Sheet below.
PROPERTY, PLANT & EQUIPMENT
LESS ACCUMULATED DEPRECIATION
TOTAL ASSETS
LONG TERM LIABILITIES
STOCKHOLDERS' EQUITY
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY
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