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# For Neo, can you help me with this questions. E18-4 The comparative

Customer Question
For Neo, can you help...
For Neo, can you help me with this questions.
E18-4
The comparative condensed income statements of Hendi Corporation are shown below.

HENDI CORPORATION
Comparative Condensed Income Statements

For the Years Ended December 31
2011 2010
Net sales \$600,000 \$500,000
Cost of goods sold

483,000

420,000
Gross profit 117,000 80,000
Operating expenses

57,200

44,000
Net income

\$ 59,800

\$ 36,000

Complete the horizontal analysis of the income statement data for Hendi Corporation using 2010 as a base. (If amount is a decrease, use either a negative sign preceding the number eg -45 or parentheses eg (45). Round percentages to 1 decimal place, e.g. 10.5.)

HENDI CORPORATION
Condensed Income Statements

For the Years Ended December 31

Increase or (Decrease)

2011

2010

Amount

Percentage
Net sales \$ \$ \$ %
Cost of goods sold

%
Gross profit %

Operating expenses

%
Net income

\$

\$

\$
%

Complete the vertical analysis of the income statement data for Hendi Corporation in columnar form for both years. (Round percentages to 1 decimal place, e.g. 10.5.)

HENDI CORPORATION
Condensed Income Statements

For the Years Ended December 31

2011

2010

Amount

Percentage

Amount

Percentage
Net sales \$ % \$ %
Cost of goods sold

%

%
Gross profit % %

Operating expenses

%

%
Net income

\$

%

\$

%

BE18-4
Using the following data from the comparative balance sheet of Rodenbeck Company, illustrate vertical analysis. (Round percentages to 1 decimal place, e.g. 10.5.)

December 31, 2011 December 31, 2010
Accounts receivable \$ 520,000 \$ 400,000
Inventory \$ 840,000 \$ 600,000
Total assets \$ 3,000,000 \$2,500,000

Vertical Analysis

Dec. 31, 2011

Dec. 31, 2010

Amount

Percentage

Amount

Percentage
Accounts receivable \$ % \$ %
Inventory \$ % \$ %
Total assets \$ % \$ %

BE18-7
Incorrect.

Horizontal analysis (trend analysis) percentages for Epstein Company's sales, cost of goods sold, and expenses are shown below.

Horizontal Analysis 2011 2010 2009
Sales 96.2 106.8 100.0
Cost of goods sold 102.0 97.0 100.0
Expenses 109.6 98.4 100.0

Did Epstein's net income increase, decrease, or remain unchanged over the 3-year period?

From 2009 to 2010

From 2010 to 2011
Submitted: 5 years ago.Category: Multiple Problems
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Answered in 1 hour by:
3/5/2012
Business Tutor: Neo, Bachelor's Degree replied 5 years ago
Neo, Bachelor's Degree
Category: Multiple Problems
Satisfied Customers: 12,101
Experience: BS Accounting
Verified
Good day!

Thank you so much! :)
Neo, Bachelor's Degree
Category: Multiple Problems
Satisfied Customers: 12,101
Experience: BS Accounting
Verified
Neo and 87 other Multiple Problems Specialists are ready to help you
Customer reply replied 5 years ago
Can you answer the other question for me ?
BE18-7
Incorrect.

Horizontal analysis (trend analysis) percentages for Epstein Company's sales, cost of goods sold, and expenses are shown below.

Horizontal Analysis 2011 2010 2009
Sales 96.2 106.8 100.0
Cost of goods sold 102.0 97.0 100.0
Expenses 109.6 98.4 100.0

Did Epstein's net income increase, decrease, or remain unchanged over the 3-year period?

From 2009 to 2010

From 2010 to 2011
Business Tutor: Neo, Bachelor's Degree replied 5 years ago

Yes but please create new post for that since that is a different question.
Customer reply replied 5 years ago
In my original question i posted 2 questions You only answered one. Do i have to post only one at the time ?
Business Tutor: Neo, Bachelor's Degree replied 5 years ago

That's weird. I did not notice it earlier. I will post the solution shortly. For your future posts, please create separate question page for each questions.

Thank you so much! :)

Customer reply replied 5 years ago
Ok I will. Thank you
Business Tutor: Neo, Bachelor's Degree replied 5 years ago

From 2009 to 2010 - Increase

From 2010 to 2011 - Decrease
Customer reply replied 5 years ago
I am sorry i posted 3 questions not 2. Do you still want me to repost it as a new one ?!
The last one is;
BE18-4
Using the following data from the comparative balance sheet of Rodenbeck Company, illustrate vertical analysis. (Round percentages to 1 decimal place, e.g. 10.5.)

December 31, 2011 December 31, 2010
Accounts receivable \$ 520,000 \$ 400,000
Inventory \$ 840,000 \$ 600,000
Total assets \$ 3,000,000 \$2,500,000

Vertical Analysis

Dec. 31, 2011

Dec. 31, 2010

Amount

Percentage

Amount

Percentage
Accounts receivable \$ % \$ %
Inventory \$ % \$ %
Total assets \$ % \$ %
Business Tutor: Neo, Bachelor's Degree replied 5 years ago

Neo, Bachelor's Degree
Category: Multiple Problems
Satisfied Customers: 12,101
12,101 Satisfied Customers
Experience: BS Accounting

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