Acc 561 Week 3 Assignment Wileyplus

ACC 561 Week 3 Assignment WileyPLUS
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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%.)

Accounts receivable
Inventory
Total assets

Dec. 31, 2012 Dec. 31, 2011
$ 488,200
$ 360,000
$ 818,100
$ 601,200
$3,173,600
$2,774,300

Increase or (Decrease)
Amount
Percentage

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%.)

Accounts receivable
Inventory
Total assets

Dec. 31, 2012
Amount Percentage
$ 544,700
$ 804,600
$3,137,000

Brief Exercise 13-8 (Essay)

Dec. 31, 2011
Amount Percentage
$ 393,300
$ 609,700
$2,763,400

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
Sales
Cost of goods sold
Expenses

2012
96.2%
101.0
105.6

2011
104.8%
98.0
95.4

2010
100.0%
100.0
100.0

Explain whether Spartan’s net income increased, decreased, or remained unchanged over
the 3-year period.

Brief Exercise 13-15

Selected data taken from a recent year’s financial statements of trading card...