TAILIEUCHUNG - Financial Statement Analysis
được tính toán bằng cách chọn năm cơ sở có số lượng được thiết lập bằng 100%. Số tiền mỗi năm sau được thể hiện như là một tỷ lệ phần trăm của số lượng cơ sở. | Financial Statement Analysis Chapter 18 The Annual Report Usually Contains . financial statements. notes to the financial statements. a summary of accounting methods used. management discussion and analysis of the financial statements. an auditor’s report. comparative financial data for 5 to 10 years. Objective 1 Perform a Horizontal Analysis of Financial Statements. Horizontal Analysis Increase/(Decrease) 2005 2004 Amount Percent Sales $41,500 $37,850 $3,650 Expenses 40,000 36,900 3,100 Net income 1,500 950 550 2005 2004 Difference Sales $41,500 $37,850 $3,650 $3,650 ÷ $37,850 = .0964, or Horizontal Analysis Trend Percentages. are computed by selecting a base year whose amounts are set equal to 100%. The amounts of each following year are expressed as a percentage of the base amount. Trend % = Any year $ ÷ Base year $ Year 2005 2004 2003 Revenues $27,611 $24,215 $21,718 Cost of sales 15,318 14,709 13,049 Gross profit $12,293 $ 9,506 $ 8,669 2003 is the base year. What are the trend percentages? Trend Percentages Year 2005 2004 2003 Revenues 127% 111% 100% Cost of sales 117% 113% 100% Gross profit 142% 110% 100% Trend Percentages These percentages were calculated by dividing each item by the base year. Objective 2 Perform a Vertical Analysis of Financial Statements. Vertical Analysis. compares each item in a financial statement to a base number set to 100%. Every item on the financial statement is then reported as a percentage of that base. Vertical Analysis 2005 % Revenues $38,303 Cost of sales 19,688 Gross profit $18,615 Total operating expenses 13,209 Operating income $ 5,406 Other income 2,187 Income before taxes $ 7,593 Income taxes 2,827 Net income $ 4,766 Vertical Analysis Assets 2005 % Current assets: Cash $ 1,816 Receivables net 10,438 Inventories 6,151 Prepaid expenses 3,526 Total current assets $21,931 Plant and equipment, net 6,847 Other assets 9,997 .
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