For Lady Hawkins Ph.D Only Accounting Help

week_2_exercise_2.1.xlsx

Problem 1


Data for Mariner Designs, Inc., follow:
MARINER DESIGNS, INC. Comparative Income Statement Years Ended December 31, 2012 and 2011
	2012	2011
Net sales revenue:	$431,000	$372,350
Expenses:
Cost of goods sold	$200,000	$187,550
Selling and general expenses	99,000	91,050
Other expense	8,350	6,850
Total expenses	$307,350	$285,450
Net income	$123,650	$86,900
Requirements:
1. Prepare a horizontal analysis of the comparative income statement of Mariner Designs, Inc. Round percentage changes to one decimal place.
2. Why did 2012 net income increase by a higher percentage than net sales revenue?


Beta Graphics, Inc., has the following data:
BETA GRAPHICS, INC. Comparative Balance Sheet December 31, 2012 and 2011
	2012	2011
Assets
Total current assets	$42,750	$59,000
Property, plant, and equipment, net	208,335	215,000
Other assets	33,915	35,500
Total assets	$285,000	$309,500
Liabilities
Total current liabilities	$49,020	$50,100
Long-term debt	109,155	102,300
Total liabilities	$158,175	$152,400
Stockholders' Equity
Total stockholders’ equity	126,825	157,100
Total liabilities and stockholders’ equity	$285,000	$309,500
Requirement:
1. Perform a vertical analysis of Beta's balance sheet for each year.