Preparing Common Size Statements
The financial statements for Burch Industries follow:
Required:
1. Prepare common size income statements to be used for horizontal analysis for Burch for 2017 to 2019 (in percentage terms, rounded to two decimal places). Utilize 2017 as the base year for both 2018 and 2019. You do not need to include the actual dollar amounts shown above.
2. CONCEPTUAL CONNECTION Indicate why Burch’s net income increased between 2017 and 2019.
3. Prepare common size balance sheets to be used for vertical analysis for 2019 and 2018 (in percentage terms. rounded to two decimal places). You do not need to include the actual dollar amounts shown above.
4. Indicate whether the proportion of dollars invested in the various categories of assets has changed significantly between 2018 and 2019.
5. Indicate whether the proportion of capital raised from the various liability categories and common stockholders equity has changed significantly between 2018 and 2019.
6. CONCEPTUAL CONNECTION Describe Burch’s performance and financial position.
Financial & Managerial Accounting
Accounting Information Systems
Corporate Financial Accounting
Essentials of Business Communication (MindTap Course List)
Foundations of Business (MindTap Course List)
Fundamentals of Financial Management (MindTap Course List)
Fundamentals Of Financial Management, Concise Edition (mindtap Course List)
STATISTICS F/BUSINESS+ECONOMICS-TEXT
Principles of Macroeconomics (MindTap Course List)
Brief Principles of Macroeconomics (MindTap Course List)
Principles of Economics (MindTap Course List)
ECON: MICRO4 (New, Engaging Titles from 4LTR Press)
Probability and Statistics for Engineering and the Sciences
Principles of Microeconomics (MindTap Course List)
Fundamentals of Financial Management, Concise Edition (MindTap Course List)
Financial And Managerial Accounting
Fundamentals of Information Systems
Database Systems: Design, Implementation, & Management
Database Systems: Design, Implementation, & Management
Principles of Information Systems (MindTap Course List)
Fundamentals of Information Systems
Principles of Information Security (MindTap Course List)
A Guide to SQL
Mechanics of Materials (MindTap Course List)
Fundamentals of Geotechnical Engineering (MindTap Course List)
Precision Machining Technology (MindTap Course List)
Automotive Technology: A Systems Approach (MindTap Course List)
Engineering Fundamentals: An Introduction to Engineering (MindTap Course List)
Principles of Information Systems (MindTap Course List)
Management Of Information Security
Systems Analysis and Design (Shelly Cashman Series) (MindTap Course List)
EBK ELECTRICAL WIRING RESIDENTIAL
Electric Motor Control
Fundamentals of Chemical Engineering Thermodynamics (MindTap Course List)
Solid Waste Engineering
Principles of Geotechnical Engineering (MindTap Course List)
International Edition---engineering Mechanics: Statics, 4th Edition
Automotive Technology
Steel Design (Activate Learning with these NEW titles from Engineering!)
Enhanced Discovering Computers 2017 (Shelly Cashman Series) (MindTap Course List)
Network+ Guide to Networks (MindTap Course List)
Structural Analysis
Survey of Accounting (Accounting I)
Financial & Managerial Accounting
Managerial Accounting
Managerial Accounting: The Cornerstone of Business Decision-Making
College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
Cornerstones of Cost Management (Cornerstones Series)
College Accounting, Chapters 1-27
Corporate Financial Accounting
Financial Accounting
Intermediate Accounting: Reporting And Analysis
PAYROLL ACCT.,2019 ED.(LL)-TEXT
College Accounting (Book Only): A Career Approach
Accounting (Text Only)
College Accounting (Book Only): A Career Approach
Accounting Information Systems
Financial Accounting
Management, Loose-Leaf Version
MKTG 12:STUDENT ED.-TEXT
Pkg Acc Infor Systems MS VISIO CD
Microeconomics: Private and Public Choice (MindTap Course List)
Principles of Microeconomics
Practical Management Science
Macroeconomics
Contemporary Marketing
Macroeconomics: Private and Public Choice (MindTap Course List)
Economics: Private and Public Choice (MindTap Course List)
Purchasing and Supply Chain Management
Principles of Macroeconomics (MindTap Course List)
Microeconomics
Fundamentals of Financial Management (MindTap Course List)
Essentials of Economics (MindTap Course List)
Fundamentals of Financial Management, Concise Edition (with Thomson ONE - Business School Edition, 1 term (6 months) Printed Access Card) (MindTap Course List)
Micro Economics For Today
Exploring Economics
Economics For Today
Understanding Management (MindTap Course List)
MACROECONOMICS FOR TODAY
Economics (MindTap Course List)