177. The Cash and Accounts Receivable for a company are provided below:
2010
2009
Cash
$75,000
$50,000
Accounts receivable (net)
$76,800
$80,000
Based on this information, what is the amount and percentage of increase or decrease that would be shown in a balance sheet with horizontal analysis?
178. The Cash and Accounts Receivable for a company are provided below:
$62,400
$60,000
$44,000
179. Income statement information for Yvonne Company is provided below:
Sales
$150,000
Cost of goods sold
105,000
Gross profit
$ 45,000
Prepare a common sized income statement for Yvonne Company.
180. Why would you or why wouldn’t you compare an organization like Ford Motor Company to the local car dealer “Johnson City Ford/Lincoln/Mercury” in vertical and horizontal analysis?
181. What is a major advantage of using percentages rather than dollar changes in doing horizontal and vertical analysis?
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