Comparative Income Statement Cost of Goods Sold Get Proft bron Sales Selling For Years Ended December 31, 2022, 2021, 2020 2022 2021 PPL Expenses Print 1 S 1 1 S 40.000 23.500 16,500 $ 1,000 $ 1.500 2.500 14.000 1000 12,000 Done 35.000 5 16,000 19,000 $ 2000 S 4.000 6.000 5 13.000 $ 700 12.300 2020 25,000 19.000 6.000 1.000 2.500 5500 500 200 300 I Comparative Balance Sheet Vaclar Corporation Comparative Balance Sheet For Years Ended December 31, 2022. 2021, 2020 Assets 2022 2021 Cont Assas Plant and Equipment Total Ass Liabilities and Stockholders' Equity Common Stick Total Liables and Stockholders Equity 2922 Invery $530, 2021 278 2129 4540 Print S S S 1,700 S 8500 10.200 1.000 $ 6.700 2.500 10.2005 Done 1001 2 7.500 $.0095 600 S 5.400 1.600 5,500 2020 3.000 11,800 14.800 14.000
Comparative Income Statement Cost of Goods Sold Get Proft bron Sales Selling For Years Ended December 31, 2022, 2021, 2020 2022 2021 PPL Expenses Print 1 S 1 1 S 40.000 23.500 16,500 $ 1,000 $ 1.500 2.500 14.000 1000 12,000 Done 35.000 5 16,000 19,000 $ 2000 S 4.000 6.000 5 13.000 $ 700 12.300 2020 25,000 19.000 6.000 1.000 2.500 5500 500 200 300 I Comparative Balance Sheet Vaclar Corporation Comparative Balance Sheet For Years Ended December 31, 2022. 2021, 2020 Assets 2022 2021 Cont Assas Plant and Equipment Total Ass Liabilities and Stockholders' Equity Common Stick Total Liables and Stockholders Equity 2922 Invery $530, 2021 278 2129 4540 Print S S S 1,700 S 8500 10.200 1.000 $ 6.700 2.500 10.2005 Done 1001 2 7.500 $.0095 600 S 5.400 1.600 5,500 2020 3.000 11,800 14.800 14.000
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 37E: Sundahl Companys income statements for the past 2 years are as follows: Refer to the information for...
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Question
please do not give solution in image format
Transcribed Image Text:Comparative Income Statement
For Years Ended December 31, 2022, 2021, 2020
2022
2021
Not Bak
Cost of Goods Sold
Gross Proft from Sales
Opating Expres
Selling
General and Admin
Tal Operating Expenses
Print
S
S
$
40,000 $
23.500
16.500 1
1,000
1.500
S
2.500
S 14.000
1,000
12,000
Done
35.000 S
16,000
19,000
2.000
4000
6.000
13.000
700
12.300 1
2020
25,000
19.000
6.000
3,000
2.500
5500
500
200
300
1
Comparative Balance Sheet
Vaclar Corporation
Comparative Balance Sheet
For Years Ended December 31, 2022. 2021, 2020
Assets
2022
2021
ContAss
Plant and Equipment
Total A
Liabilities and Stockholders' Equity
Current Les
Common Stick
Reland Eng
Total Liabiles and Steckholders Equity
2922 Inventary $530, 2021 270 21203540
Pant
$
$
S
1,700
8500
10,200 $
1.000
6.700
2500
10.200
Done
2.100 S
7.500
1.600
600 S
5:400
3.600
5.600
2020
3.000
11.800
14,800
900
4.700
1.200
14.500
Transcribed Image Text:From the information about Vaclar Corporation, complete the following tasks.
Your tasks
a. For each year calculate its current ratio and acid test ratio.
b. For each year prepare the comparative income statement in common-size percentages
(Round to the nearest tenth of a percent)
c. Prepare a trend analysis of the balance sheet using 2020 as the base year. (Round to the
nearest percent)
2020
Print
Done
- X
P (Round to the nearest hundra
st hundredth XXX Entor a 04
Acid test ratio
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