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question using each of the selected detail account balances below prepare and calcul 4289402

Question

Using each of the selected detail account balances below,prepare and calculate the following:

1.Horizontal analysis comparative income statement by eachdetail account line

2.Vertical analysis common-size balance sheet by each detailaccount line

3.Calculate the Profit Margin % for 2013

2013   2012

NetSales                               500,000                                  400,000

CommonStock                     150,000                                  150,000

Retained Earnings                 50,000                                  40,000

Cash                                        80,000                                  50,000

Cost of Goods Sold              350,000                                  300,000

Accounts Receivable             120,000                                  150,000

Accounts Payable                 300,000                                  260,000

Operating Expenses              100,000                                  70,000

Inventory                              200,000                                  175,000

Income Tax Expense               25,000                                  20,000

Interest Expense                       1,000                                         500

Property Plant & Equipment100,000                                   75,000

InterestIncome                            500                                      1,000

 

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