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HORIZONTAL ANALY SIS OF COMPARATIVE FINANCIAL STATEMENTS Amounts from the comparative income statement and balance sheet of Johnson Stores, Inc. For the last two years are as follows: REQUIRED Prepare a horizontal analysis of the statements. Add columns to show the amount of increase (decrease) and the percentage change. Round percentages to one decimal place. VERTI CAL ANALY SIS OF COMPARATIVE FINANCIAL STATEMENTS Refer to the financial statements in Problem 24-8B. REQUIRED Prepare a vertical analysis of the income statement and balance sheet. Show each item on the income statement as a percentage of the net sales for each year. On the balance sheet, show each asset item as a percentage of the total assets and each liability and equity item as a percentage of the total liabilities and stockholders’ equity. Round percentages to one decimal place.

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College Accounting, Chapters 1-27 ...

22nd Edition
James A. Heintz + 1 other
Publisher: Cengage Learning
ISBN: 9781305666160
BuyFind

College Accounting, Chapters 1-27 ...

22nd Edition
James A. Heintz + 1 other
Publisher: Cengage Learning
ISBN: 9781305666160

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Chapter
Section
Chapter 24, Problem 9SPB
Textbook Problem

HORIZONTAL ANALY SIS OF COMPARATIVE FINANCIAL STATEMENTS Amounts from the comparative income statement and balance sheet of Johnson Stores, Inc. For the last two years are as follows:

Chapter 24, Problem 9SPB, HORIZONTAL ANALY SIS OF COMPARATIVE FINANCIAL STATEMENTS Amounts from the comparative income , example  1

Chapter 24, Problem 9SPB, HORIZONTAL ANALY SIS OF COMPARATIVE FINANCIAL STATEMENTS Amounts from the comparative income , example  2

REQUIRED

Prepare a horizontal analysis of the statements. Add columns to show the amount of increase (decrease) and the percentage change. Round percentages to one decimal place.

VERTI CAL ANALY SIS OF COMPARATIVE FINANCIAL STATEMENTS Refer to the financial statements in Problem 24-8B.

REQUIRED

Prepare a vertical analysis of the income statement and balance sheet. Show each item on the income statement as a percentage of the net sales for each year. On the balance sheet, show each asset item as a percentage of the total assets and each liability and equity item as a percentage of the total liabilities and stockholders’ equity. Round percentages to one decimal place.

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Chapter 24 Solutions

College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
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