ACC 205 Week 5 Assignment Questions 4 & 5

Courts and Laws
March 3, 2021
Briefly describe the 5 pieces of project management.
March 3, 2021

ACC 205 Week 5 Assignment Questions 4 & 5

 

4.      Horizontal analysis. Mary Lynn Corporation has been operating for several years. Selected data from the 20X1 and 20X2 financial statements follow.

       

20X2

20X1

Current Assets

$86,000

$80,000

Property, Plant, and Equipment (net)

99,000

90,000

Intangibles

25,000

50,000

Current Liabilities

40,800

48,000

Long-Term Liabilities

153,000

160,000

Stockholders’ Equity

16,200

12,000

Net Sales

500,000

500,000

Cost of Goods Sold

322,500

350,000

Operating Expenses

93,500

85,000

       

 

a.       Prepare a horizontal analysis for 20X1 and 20X2. Briefly comment on the results of your work.

 

 

 

 

 

5.Vertical analysis. Mary Lynn Corporation has been operating for several years. Selected data from the 20X1 and 20X2 financial statements follow.

 

 

 

20X2

20X1

Current Assets

    $86,000

    $80,000

Property, Plant, and Equipment (net)

99,000

80,000

Intangibles

25,000

50,000

Current Liabilities

40,800

48,000

Long-Term Liabilities

     153,000

     150,000

Stockholders’ Equity

16,200

12,000

Net Sales

    500,000

     500,000

Cost of Goods Sold

    322,500

     350,000

Operating Expenses

      93,500

85,000

       

 

 

 

a.       Prepare a vertical analysis for 20X1 and 20X2. Briefly comment on the results of your work.

 

 

 

 

 

 
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