ACC 205 Week 5 Assignment Questions 4 & 5
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4. Horizontal analysis. Mary Lynn Corporation has been operating for several years. Selected data from the 20X1 and 20X2 financial statements follow. |
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20X2 |
20X1 |
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Current Assets |
$86,000 |
$80,000 |
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Property, Plant, and Equipment (net) |
99,000 |
90,000 |
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Intangibles |
25,000 |
50,000 |
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Current Liabilities |
40,800 |
48,000 |
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Long-Term Liabilities |
153,000 |
160,000 |
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Stockholders’ Equity |
16,200 |
12,000 |
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Net Sales |
500,000 |
500,000 |
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Cost of Goods Sold |
322,500 |
350,000 |
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Operating Expenses |
93,500 |
85,000 |
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a. Prepare a horizontal analysis for 20X1 and 20X2. Briefly comment on the results of your work. |
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5.Vertical analysis. Mary Lynn Corporation has been operating for several years. Selected data from the 20X1 and 20X2 financial statements follow.
|
20X2 |
20X1 |
||
|
Current Assets |
$86,000 |
$80,000 |
|
|
Property, Plant, and Equipment (net) |
99,000 |
80,000 |
|
|
Intangibles |
25,000 |
50,000 |
|
|
Current Liabilities |
40,800 |
48,000 |
|
|
Long-Term Liabilities |
153,000 |
150,000 |
|
|
Stockholders’ Equity |
16,200 |
12,000 |
|
|
Net Sales |
500,000 |
500,000 |
|
|
Cost of Goods Sold |
322,500 |
350,000 |
|
|
Operating Expenses |
93,500 |
85,000 |
|
a. Prepare a vertical analysis for 20X1 and 20X2. Briefly comment on the results of your work.
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