Homework Help is Here – Start Your Trial Now!
Business
Accounting
Horizontal Analysis of the Statement of Income Revenue Cost of sales Gross profit Other income Distribution costs Salaries Commissions Travelling Advertising Depreciation/amortization Total distribution costs Administrative expenses Salaries Leasing Depreciation/amortization Total administrative expenses Finance costs Total other income/expenses Profit before taxes Income tax expense Profit for the year 2013 350,000 420,000 177,000 209,000 173,000 211,000 5,000 50,000 2,000 2,000 3,000 20,000 77,000 30,000 5,000 18,000 53,000 2014 $ Change % Change 10,000 38,000 13,000 5,000 60,000 3,000 3,000 5,000 20,000 91,000 38,000 7,000 20,000 65,000 135,000 165,000 14,000 46,000 13,000 25,000 33,000 70,000 20.00% 2015 800,000 380,000 406,000 394,000 5,000 80,000 5,000 5,000 10,000 40,000 140,000 60,000 10,000 40,000 110,000 30,000 275,000 119,000 42,000 $ Change % Change 77,000 90.48%

Horizontal Analysis of the Statement of Income Revenue Cost of sales Gross profit Other income Distribution costs Salaries Commissions Travelling Advertising Depreciation/amortization Total distribution costs Administrative expenses Salaries Leasing Depreciation/amortization Total administrative expenses Finance costs Total other income/expenses Profit before taxes Income tax expense Profit for the year 2013 350,000 420,000 177,000 209,000 173,000 211,000 5,000 50,000 2,000 2,000 3,000 20,000 77,000 30,000 5,000 18,000 53,000 2014 $ Change % Change 10,000 38,000 13,000 5,000 60,000 3,000 3,000 5,000 20,000 91,000 38,000 7,000 20,000 65,000 135,000 165,000 14,000 46,000 13,000 25,000 33,000 70,000 20.00% 2015 800,000 380,000 406,000 394,000 5,000 80,000 5,000 5,000 10,000 40,000 140,000 60,000 10,000 40,000 110,000 30,000 275,000 119,000 42,000 $ Change % Change 77,000 90.48%

Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 74E
See similar textbooks
icon
Related questions
Question
Horizontal Analysis of the Statement of Income Revenue Cost of sales Gross profit Other income Distribution costs Salaries Commissions Travelling Advertising Depreciation/amortization Total distribution costs Administrative expenses Salaries Leasing Depreciation/amortization Total administrative expenses Finance costs Total other income/expenses Profit before taxes Income tax expense Profit for the year 2013 2014 $ Change % Change 350,000 420,000 177,000 209,000 173,000 211,000 5,000 5,000 50,000 60,000 2,000 3,000 2,000 3,000 3,000 5,000 20,000 20,000 77,000 91,000 30,000 38,000 5,000 7,000 18,000 20,000 53,000 65,000 10,000 14,000 135,000 165,000 38,000 46,000 13,000 13,000 25,000 33,000 70,000 20.00% 2015 $ Change % Change 800,000 380,000 406,000 394,000 5,000 80,000 5,000 5,000 10,000 40,000 140,000 60,000 10,000 40,000 110,000 30,000 275,000 119,000 42,000 77,000 90.48%
Transcribed Image Text:Horizontal Analysis of the Statement of Income Revenue Cost of sales Gross profit Other income Distribution costs Salaries Commissions Travelling Advertising Depreciation/amortization Total distribution costs Administrative expenses Salaries Leasing Depreciation/amortization Total administrative expenses Finance costs Total other income/expenses Profit before taxes Income tax expense Profit for the year 2013 2014 $ Change % Change 350,000 420,000 177,000 209,000 173,000 211,000 5,000 5,000 50,000 60,000 2,000 3,000 2,000 3,000 3,000 5,000 20,000 20,000 77,000 91,000 30,000 38,000 5,000 7,000 18,000 20,000 53,000 65,000 10,000 14,000 135,000 165,000 38,000 46,000 13,000 13,000 25,000 33,000 70,000 20.00% 2015 $ Change % Change 800,000 380,000 406,000 394,000 5,000 80,000 5,000 5,000 10,000 40,000 140,000 60,000 10,000 40,000 110,000 30,000 275,000 119,000 42,000 77,000 90.48%
Expert Solution
steps

Step by step

Solved in 3 steps with 1 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
Accounting
ISBN:
9781337690881
Author:
Jay Rich, Jeff Jones
Publisher:
Cengage Learning
Financial Management: Theory & Practice
Financial Management: Theory & Practice
Finance
ISBN:
9781337909730
Author:
Brigham
Publisher:
Cengage
Financial Reporting, Financial Statement Analysis…
Financial Reporting, Financial Statement Analysis…
Finance
ISBN:
9781285190907
Author:
James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
Publisher:
Cengage Learning
SEE MORE TEXTBOOKS