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Prepare horizontal and vertical analyse and with explanation

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Reference no: EM132493796

The comparative balance sheet of Ramsey Egyptian Buffet are presented below

Ramsey Egyptian Buffet

Comparative balance sheets

December 31

                                                                                             2009                               2008

Assets

Current assets                                                       $76,000                   $80,000

Property, plant and equipment (net)                            99,000                    90,000

Intangibles                                                               25,000                   40,000

Total assets                                                           $200,000               $210,000

Liabilities and stockholders' equity

current liabilities                                                        $40,800              $48,000

long term liabilities                                                    143,000                150,000

Stockholders equity                                                     16,200                 12,000

Total liabilities+ stockholders' E                                     $200,000                 $210,000

Question (a) How to you make a horizontal analysis of the income statement data for Accra using 2008 as a base (show the amounts of increase or decrease)

Question (b) how do you make a vertical analysis of the income statement data for Accra in columnar from for both years

Hint: Prepare horizontal and vertical analyses and with explanation?

 

Reference no: EM132493796

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