26 Jun Illustrate vertical analysis. (Round percentages to 1 decimal place, e.g. 12.1%.)
Question
Brief Exercise 18-4
Using the following data from the comparative balance sheet of Goody Company.
December 31, 2015 December 31, 2014
Accounts receivable $405,324 $435,168
Inventory $778,122 $616,488
Total assets $2,502,000 $3,022,000
Illustrate vertical analysis. (Round percentages to 1 decimal place, e.g. 12.1%.)
December 31, 2015 December 31, 2014
Goody Company
Balance Sheets
Amount
Percentage
Amount
Percentage
Accounts receivable $405,324
% $435,168
%
Inventory $778,122
% $616,488
%
Total assets $2,502,000
% $3,022,000
%
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Brief Exercise 18-5
Net income was $499,160 in 2013, $452,610 in 2014, and $526,000 in 2015. What is the percentage of change from (a) 2013 to 2014 and (b) 2014 to 2015? Is the change an increase or a decrease? (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45). Round percentages to 0 decimal places, e.g. 12%.)
Increase or (Decrease)
Amount Percentage
(a) 2013–2014
%
(b) 2014–2015
%
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