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Acc 561 Week 3 Assignment Wileyplus

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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%.)
|                              | |                    | |                    | |Increase or (Decrease)                         |
|                              | |Dec. 31, 2012       | |Dec. 31, 2011       | |Amount                   |    |Percentage       |
|Accounts receivable           | |$ 488,200           | |$ 360,000           | |                          |    |        |        |
|Inventory                     | |$ 818,100           | |$ 601,200           | |                          |    |        |        |
|Total assets                   | |$3,173,600         | |$2,774,300         | |                          |    |        |        |


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%.)
|                              | |Dec. 31, 2012                     | |Dec. 31, 2011                     |
|                              | |Amount         | |Percentage       | |Amount         | |Percentage       |
|Accounts receivable                         | |$ 544,700       | |[pic][pic]     | |                |
|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...

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