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Prepare a horizontal analysis for the balance sheet

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Reference no: EM132074422

Question: Part A - Chapter 21 in your textbook contains examples that will be helpful for completing the exercises below.

1. Using Excel formulas, prepare a vertical analysis for 2017 for the balance sheet below (only use 2017).

2. Using Excel formulas, prepare a horizontal analysis for the balance sheet below (use 2016 & 2017 - also note the order of the columns below).

3. Compute the following ratios and show the answer to two digits past the decimal: (i) the current ratio, (ii) the acid-test ratio. Use Excel formulas in the cells indicated below in yellow for calculating your ratios. Formulas for this exercise are located on page 779 in your textbook or on the Table 21-1 tab in this Excel file.

Current ratio:

Acid-test ratio:

4. Using Table 21-1, how would you interpret the current ratio result you computed above?

5. Using Table 21-1, how would you interpret the acid-test ratio result you computed above?

Part B - Chapter 21 in your textbook contains examples that will be helpful for completing the exercises below.

1. Using the information below, prepare a vertical analysis for the income statement for 2017.

2. Using the information below, prepare a horizontal analysis of the income statement from 2017.

3. In which areas, if any, has the company seen increases since 2016?

4. In which areas, if any, has the company seen decreases since 2016?

5. Compute the following ratio and show the answer to two digits past the decimal. Use an Excel formula in the cell indicated below in yellow for calculating your ratio.

Operating ratio:

6. Using table 21-1, how would you interpret this ratio?

Note: Please see attached file for the complete information.

Information related to above question is enclosed below:

Attachment:- Balance Sheets and Income Statement.rar

Reference no: EM132074422

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