Acc 561 Week 3 Assignment Wileyplus - Latest

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Brief Exercise 13-4

Using these data from the comparative balance sheet of Rosalez Company, perform horizontal analysis. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 0 decimal places, e.g. 12%.)

Increase or (Decrease)

Dec. 31, 2012 Dec. 31, 2011 Amount Percentage

Accounts receivable $ 488,200 $ 360,000

Inventory $ 818,100 $ 601,200

Total assets $3,173,600 $2,774,300

Brief Exercise 13-5

Using these data from the comparative balance sheet of Rosalez Company, perform vertical analysis. (Round percentages to 1 decimal place, e.g. 12.5%.)

Dec. 31, 2012 Dec. 31, 2011

Amount Percentage Amount Percentage

Accounts receivable $ 544,700

$ 393,300

Inventory $ 804,600

$ 609,700

Total assets $3,137,000

$2,763,400

Brief Exercise 13-8 (Essay)

Vertical Analysis 2012 2011 2010

Sales 100 % 100 % 100 %

Cost of goods sold 61.2 64.6 65.7

Expenses 24.8 26.3 28.0

Vertical analysis (common-size) percentages for Vallejo Company’s sales, cost of goods sold, and expenses are listed here.

Did Vallejo’s net income as a percent of sales increase, decrease, or remain unchanged over the 3-year period? Provide numerical support for your answer.

Brief Exercise 13-9 (Essay)

Horizontal analysis (trend analysis) percentages for Spartan Company’s sales, cost of goods sold, and expenses are listed here.

Horizontal Analysis 2012 2011 2010

Sales 96.2 % 104.8 % 100.0 %

Cost of goods sold 101.0 98.0 100.0...