Summary financial information for Gandaulf Company is as follows. Compute the amount and percentage changes in 2020 using horizontal analysis, assuming 2019 is the base year. (Enter negative amounts and percentages using either a negative sign preceding the number e.g. -45, -45% or parentheses e.g. (45), (45%). Round percentages to 2 decimal places, e.g. 1.25%.) Increase (Decrease) in 2020 December 31, 2020 December 31, 2019 Amount Percent Current Assets $ 180,600 $ 210,000 $ enter a dollar amount enter your answer in percentages rounded to 2 decimal places % Plant Assets 821,600 790,000 enter a dollar amount enter your answer in percentages rounded to 2 decimal places % Total assets $ 1,002,200 $ 1,000,000 $ enter a total of the two previous amounts enter your answer in percentages rounded to 2 decimal places

Summary financial information for Gandaulf Company is as follows. Compute the amount and percentage changes in 2020 using horizontal analysis, assuming 2019 is the base year. (Enter negative amounts and percentages using either a negative sign preceding the number e.g. -45, -45% or parentheses e.g. (45), (45%). Round percentages to 2 decimal places, e.g. 1.25%.) Increase (Decrease) in 2020 December 31, 2020 December 31, 2019 Amount Percent Current Assets $ 180,600 $ 210,000 $ enter a dollar amount enter your answer in percentages rounded to 2 decimal places % Plant Assets 821,600 790,000 enter a dollar amount enter your answer in percentages rounded to 2 decimal places % Total assets $ 1,002,200 $ 1,000,000 $ enter a total of the two previous amounts enter your answer in percentages rounded to 2 decimal places

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 54CE

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Summary financial information for Gandaulf Company is as follows. Compute the amount and percentage changes in 2022 using horizontal analysis, assuming 2024 is the base year. (Enter negative amounts and percentages using either a negative sign preceding the number e.g. -45,-45% or parentheses e.g. (45), (45%). Round percentages to 2 decimal places, e.g. 1.25%.) Current Assets Dec. 31, 2022 Dec. 31, 2024 $191,100 $210,000 $ Plant Assets 1,058,600 790,000 Total assets $1,249,700 $1,000,000 $ Increase (Decrease) in 2022 Amount Percent % % %
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Summary financial information for Gandaulf Company is as follows. Compute the amount and percentage changes in 2022 using horizontal analysis, assuming 2021 is the base year. (Enter negative amounts and percentages using either a negative sign preceding the number eg. -45, -45% or parentheses eg (45), (45%). Round percentages to 2 decimal places, eg 1.25%) Increase (Decrease) in 2022 Dec. 31, 2022 Dec. 31, 2021 Amount Percent Current Assets $193,200 $210,000 %24 Plant Assets 962,000 740,000 Total assets $1,155,200 $950,000 se
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Applying horizontal analysis, show the percentage change from 2019 to 2020 with 2019 as the base year. Comparative data for Why Is Everything Chrome's corporation for the two-year period 2019-2020 are given as follows: Income Statement Data 2019 2020 P 1,400,000.00 840,000.00 560,000.00 P 800,000.00 440,000.00 360,000.00 130,000.00 30.000.00 P 200,000.00 80.000.00 P 120,000.00 Net sales Cost of goods sold Gross profit Selling, general, and other expenses Income tax expense Net income 400,000.00 40,000.00 P 120,000.00 80,000.00 P 40.000.00 Dividends paid Net increase in retained earnings Balance Sheet Data 2019 2020 Assets P 540,000.00 800.000.00 P1.340.000.00 P 440,000.00 720.000.00 P1.160,000.00 Current assets Land, buildings, and equipments Total assets Liabilities and stockholder's equity Current liabilities 300,000.00 320,000.00 480,000.00 240.000.00 P1,340,000.000 240,000.00 320,000.00 400,000.00 200,000.00 P 1,160,000.00 P P Bonds payable (8%) Common stock (P5 par) Retained…
Ben Merchandise presented the following accounts for 2019 and 2018: P1,238,550.00 (current assets 2019) P1,097,570.00 (current assets 2018) P4,794,845.00 (total assets 2019) P3,975,500.00 (total assets 2018) In the trend analysis, what is the percent change in non-current assets? A 23.57% 20.61% 25.13% D 12.84%
You have been presented with the following selected information from the financial statements of one of Canada's largest dairy producers, Saputo Inc. (in $ millions): Statement of financial position 2021 2020 2019 Accounts receivable $1,217 $1,372 $1,248 Inventory 2,294 2,221 1,681 Total current assets 3,948 4,069 3,134 Total assets 13,123 13,793 9,886 Current liabilities 2,146 2,494 1,932 Total liabilities 6,679 7,234 4,465 Statement of income Sales $14,294 $14,944 $13,502 Cost of goods sold 9,575 10,181 9,179 Interest expense 79 96 67 Income tax expense 218 217 230 Net income 626 583 755
Problem 17-2A (Algo) Ratios, common-size statements, and trend percer [The following information applies to the questions displayed below.] Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended December 31 Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income tax expense Net income Assets Current assets Long-term investments Plant assets, net Total assets Liabilities and Equity Current liabilities Common stock Other paid-in capital Retained earnings Total liabilities and equity 2021 $546,242 328,838 217,404 77,566 49,162 126,728 90,676 16,866 $ 73,810 Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income tax expense Net income KORBIN COMPANY Comparative Balance Sheets December 31 2020 $ 418,466 263,634 2021 % 154,832 57,748 36,825 94,573 60, 259 12,353 $ 47,906 % $61,141 0 113,547…
3. Complete the below table to calculate the balance sheet data in trend percents with 2017 as base year. (Round your percentage answers to 2 decimal places.) KORBIN COMPANY Balance Sheet Data in Trend Percents December 31, 2019, 2018 and 2017 2019 2018 2017 Assets Current assets % % 100.00 % Long-term investments 100.00 Plant assets, net 100.00 Total assets % % 100.00 % Liabilities and Equity Current liabilities % % 100.00 % Common stock 100.00 Other paid-in capital 100.00 Retained earnings 100.00 Total liabilities and equity % % 100.00 % see pictures

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					Increase (Decrease) in 2020
	December 31, 2020	December 31, 2019		Amount	Percent
Current Assets	$ 180,600		$ 210,000		$ enter a dollar amount	enter your answer in percentages rounded to 2 decimal places %
Plant Assets	821,600		790,000		enter a dollar amount	enter your answer in percentages rounded to 2 decimal places %
Total assets	$ 1,002,200		$ 1,000,000		$ enter a total of the two previous amounts	enter your answer in percentages rounded to 2 decimal places