Describe how to do prepare a horizontal analysis

Assignment Help Accounting Standards
Reference no: EM13214742

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.

Reference no: EM13214742

Questions Cloud

Calculate the nominal interest rate : Suppose the fisher hypothesis holds for an economy that has an expected real interest rate of 2 percent. For each of the expected inflation rates of 0,2,4,6, and 8 percent, calculate the nominal interest rate and the after tax expected real intere..
Find return-on-assets ratio and net-profit-margin ratio : LONE PINE COMPANY Statement of Income and Retained Earnings For the Year Ending December 31,20X2 ($000 Omitted) Net Sales* $36,000 Less: Cost of Goods Sold $20,000 Selling Expense 6,000 Administrative Expense 4,000 Interest Expense 400
What was the incentive system : Include in your discussion your assessment of this organizational architecture structure and suggestions on how it might be improved.
Explain what is securitization : What is securitization? What are the benefits that banks can get from it? What impact is securitization likely to have on the quality of assets that banks keep in their portfolio?
Describe how to do prepare a horizontal analysis : 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
Explain site analysis performed by a consulting firm : The site analysis performed by a consulting firm (at a cost of $50,000 to General Food) shows that the land is suitable for the plant. The plant will cost $5.5 million to build.
What is wetland mitigation : What is wetland mitigation? How is it different from wetland restoration and what is the main mitigation goal of the usfws for this project? Is this goal a direct response to the pollutant release at the re? nery
Evaluate the relative importance of economies of scale : Evaluate the relative importance of economies of scale and comparative advantage in causing the following.
How much output did the average worker produce : If 150 million workers produced America's GDP in 2010, according to the "World View" above, how much output did the average worker produce?

Reviews

Write a Review

 

Accounting Standards Questions & Answers

  Ias3/aasb 3 business combinations

IAS3/AASB 3 Business Combinations IAS116/AASB116 Property, plant and equipment IAS138/AASB138 Intangible assets

  Produce consolidated financial statements

Advise Polaris Ltd whether it is required to produce consolidated financial statements (CFS). Consider the levels of control and the members' rights in your answer.

  Describe the iasb conceptual framework''s

Describe the IASB Conceptual Framework's perspective of users and their decisions

  Scope of issue from the ifrs

Please give suggestion and the scope of this issue from the International Financial Reporting Standard.

  Prepare consolidation journal entries in correct form

Compare the accounting treatment of dividends appropriated from pre-control and post control equities of a subsidiary. Consider the accounting by the companies paying and receiving the dividend, as well as by the corporate group.

  Develop an entity relationship diagram

Develop an Entity Relationship (ER) diagram with cardinalities based on the procedures described in the narrative and requirement.

  Journal entries to record these liquidation transactions

Prepare journal entries to record these liquidation transactions and prepare journal entries to record the preceding transactions on the assumption that the bonus (or no revaluation) method is used.

  International business operations

Advantages and disadvantages of each.  Which do you believe would be the most beneficial to DSV and Eastrex?

  What is city current average cost per hip replacement visits

They have offered to guarantee 1000 patient visits per year and want to pay $70 per visit. City Rehab currently receives $95 per visit directly from Medicare

  What accounting standards are used

Compare growth of revenues versus income over time and between the two companies, how can you explain the difference in profitability between the two companies?

  Conduct research to locate the md and a information

Conduct research to locate the MD&A information in a report for Smith Manufacturing. the research should include the structure and components of MD&A as well as any applicable industry information that must be used in the preparation of the docume..

  Calculate the payback period

You are the financial manager of a mining company; you are looking at an investment that requires 10 years to start paying back. This is in a third world country, what factors would you consider and why?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd