If 2011 is the base year, what is the percentage increase in cost of
goods sold from 2011 to 2013?
8. Comparisons of data within a company are an example of the
following comparative basis:
9. The following schedule is a display of what type of analysis?
Amount Percent
Current assets $100,00 25%
Property, plant, and equipment 300,000 75%
Total assets $400,000 100%
10. A common measure of profitability is the
11. Which one of the following would be considered a long-term
solvency ratio?
12. The current ratio is
13. Richards, Inc. has the following income statement (in millions)
RICHARDS, INC.
Income Statement
For the Year Ended December 31, 2012
Net Sales $180
Cost of Goods Sold 60
Gross Profit 120
Operating Expenses 75
Net Income $45
Using vertical analysis, what percentage is assigned to net income?
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ACC 561 Week 3 Team Assignment Financial Statement
Analysis (2 Set)
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