Project 2 - Name: Anthony Arostegui Due: End of Thursday in...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Due: End of Thursday in Week 8 PROJECT #2-HORIZONTAL AND VERTICAL ANALYSIS Horizontal Gap, Inc.-Consolidated Statements of Earnings Vertical Vertical Analysis Analysis Analysis $ Change 2/2/2002 %-2001 2/3/2001 %-2000 2000-2001 Net Sales $13,847,873 100.0% $13,673,460 100.0% $174,413 Costs and expenses Cost of goods sold and occupancy expenses $9,704,389 70.1% $8,599,442 62.9% $1,104,947 Operating expenses $3,805,968 27.5% $3,629,257 26.5% $176,711 Net interest expense (income) $95,875 0.7% $62,876 0.5% $32,999 Earnings before income taxes $241,641 1.7% $1,381,885 10.1% -$1,140,244 Income taxes $249,405 1.8% $504,388 3.7% -$254,983 Net earnings -$7,764 -0.1% $877,497 6.4% -$885,261 Horizontal Gap, Inc.-Consolidated Balance Sheets Vertical Vertical Analysis Analysis Analysis $ Change 2/2/2002 %-2001 2/3/2001 %-2000 2000-2001 ASSETS Current Assets Cash and equivalents $1,035,749 13.6% $408,794 5.8% $626,955 Merchandise inventory $1,677,116 22.1% $1,904,153 27.2% -$227,037 Other current assets $331,685
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 2

Project 2 - Name: Anthony Arostegui Due: End of Thursday in...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online