Excel_Chapter 18

Excel_Chapter 18 - Name Section Date E18-1 Blevins Inc...

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950 Name Exercise 18-1 Section Date E18-1 Horizontal Analysis Blevins Inc. Condensed Balance Sheet December 31, 1 Increase or (Decrease) 1 2 Assets 2009 2008 Amount Percent 2 3 Current assets $125,000 $100,000 25,000 25.0% 3 4 Plant assets (net) 396,000 330,000 66,000 20.0% 4 5 Total assets $521,000 $430,000 91,000 21.2% 5 6 6 7 Liabilities 7 8 Current liabilities $91,000 $70,000 21,000 30.0% 8 9 Long-term liabilities 133,000 95,000 38,000 40.0% 9 10 Total liabilities $224,000 $165,000 59,000 35.8% 10 11 11 12 Stockholders' Equity 12 13 Common stock, $1 par 161,000 115,000 46,000 40.0% 13 14 Retained earnings 136,000 150,000 (14,000) -9.3% 14 15 Total stockholders' equity 297,000 265,000 32,000 12.1% 15 16 Total liabilities and 16 17 stockholders' equity $521,000 $430,000 91,000 21.2% 17 18 18
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950 Name Exercise 18-4 Section Date E18-4 Hendi Corporation Condensed Income Statements For the Years Ended December 31, 1 (a) Horizontal Analysis Increase or (Decrease) 1 2 During 2008 2 3 2009 2008 Amount Percent 3 4 Net sales $600,000 $500,000 $100,000 20.0% 4 5 Cost of goods sold 483,000 420,000 63,000 15.0% 5 6 Gross profit 117,000 80,000 37,000 46.3% 6 7 Operating expenses 57,200 44,000 13,200 30.0% 7 8 Net income $59,800 $36,000 $23,800 66.1% 8 9 9 10 (b) Vertical Analysis 10 11 2009
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Excel_Chapter 18 - Name Section Date E18-1 Blevins Inc...

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