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. | |||
20X2 | 20X1 | ||
Current Assets | $86,000 | $80,000 | |
Property, Plant, and Equipment (net) | 99,000 | 90,000 | |
Intangibles | 25,000 | 50,000 | |
Current Liabilities | 40,800 | 48,000 | |
Long-Term Liabilities | 153,000 | 160,000 | |
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 horizontal analysis for 20X1 and 20X2. Briefly comment on the results of your work. | |||
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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