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Ex. 190 The comparative condensed balance sheets of Baker Corporation presented

Question : Ex. 190 The comparative condensed balance sheets of Baker Corporation presented : 1312010

 
Ex. 190

The comparative condensed balance sheets of Baker Corporation are presented below.

BAKER CORPORATION

Comparative Condensed Balance Sheets

December 31

20132012

Assets

Current assets$  70,000$  80,000

Property, plant, and equipment (net)94,50090,000

Intangibles    33,500    40,000

Total assets$198,000$210,000

Liabilities and stockholders' equity

Current liabilities$  40,800$  48,000

Long-term liabilities141,000150,000

Stockholders' equity    16,200    12,000

Total liabilities and stockholders' equity$198,000$210,000

 

Instructions

(a)Prepare a horizontal analysis of the balance sheet data for Baker Corporation using 2012 as a base.

(b)Prepare a vertical analysis of the balance sheet data for Baker Corporation in columnar form for 2013.

 

Ex. 191

The comparative condensed income statements of Marks Corporation are shown below.

MARKS CORPORATION

Comparative Condensed Income Statements

For the Years Ended December 31

2013        2012

Net sales$620,000$500,000

Cost of goods sold 450,000  400,000

Gross profit170,000100,000

Operating expenses   54,000    40,000

Net income$116,000$  60,000

 

Instructions

(a)Prepare a horizontal analysis of the income statement data for Marks Corporation using 2012 as a base. (Show the amounts of increase or decrease.)

(b)Prepare a vertical analysis of the income statement data for Marks Corporation in columnar form for both years.

 

Ex. 192

Operating data for Martin Corporation are presented below.

2012

Net sales$600,000

Cost of goods sold320,000

Operating expenses130,000

Net income150,000

 

Instructions

Prepare a schedule showing a vertical analysis for 2012.

 

 

 

Solution
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