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    Excel Sheet For Horizontal Analysis

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    Rahim Rajani
    Pinnacle Plus' comparative financial statements for 2010 and 2009 show: - Sales revenue increased $11,000 (11%) in 2010 to $110,000. Net income increased $2,800 (28%) to $12,600. - Assets increased $13,500 (7%) to $206,500 in 2010. Cash increased $31,500, while inventory decreased $13,000. - Liabilities were unchanged at $40,000. Retained earnings increased $6,000 (22%) to $33,500 in 2010.

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    Excel Sheet For Horizontal Analysis

    Uploaded by

    Rahim Rajani
    167 views2 pages
    Pinnacle Plus' comparative financial statements for 2010 and 2009 show: - Sales revenue increased $11,000 (11%) in 2010 to $110,000. Net income increased $2,800 (28%) to $12,600. - Assets increased $13,500 (7%) to $206,500 in 2010. Cash increased $31,500, while inventory decreased $13,000. - Liabilities were unchanged at $40,000. Retained earnings increased $6,000 (22%) to $33,500 in 2010.

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    Excel Sheet for Horizontal Analysis

    Original Title

    Excel Sheet for Horizontal Analysis

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    Pinnacle Plus' comparative financial statements for 2010 and 2009 show: - Sales revenue increased $11,000 (11%) in 2010 to $110,000. Net income increased $2,800 (28%) to $12,600. - Assets increased $13,500 (7%) to $206,500 in 2010. Cash increased $31,500, while inventory decreased $13,000. - Liabilities were unchanged at $40,000. Retained earnings increased $6,000 (22%) to $33,500 in 2010.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLS, PDF, TXT or read online from Scribd
    Download as xls, pdf, or txt
    167 views2 pages

    Excel Sheet For Horizontal Analysis

    Uploaded by

    Rahim Rajani
    Pinnacle Plus' comparative financial statements for 2010 and 2009 show: - Sales revenue increased $11,000 (11%) in 2010 to $110,000. Net income increased $2,800 (28%) to $12,600. - Assets increased $13,500 (7%) to $206,500 in 2010. Cash increased $31,500, while inventory decreased $13,000. - Liabilities were unchanged at $40,000. Retained earnings increased $6,000 (22%) to $33,500 in 2010.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLS, PDF, TXT or read online from Scribd
    Download as xls, pdf, or txt
    of 2

    Student Name:

    Class:
    Problem A 13-1
    PINNACLE PLUS
    Comparative Financial Statements
    December 31, 2006
    Increase (Decrease)
    2006 over 2005
    2006
    2005
    Amount
    Percent
    Income Statement
    Sales Revenue
    $110,000
    Cost of Goods Sold
    52,000
    Gross Profit
    58,000
    Operating Expenses
    36,000
    Interest Expense
    4,000
    Income before Income Tax Expense
    18,000
    Income Tax Expense
    5,400
    Net Income
    $12,600
    Balance Sheet
    Cash
    $49,500
    Accounts Receivable (net)
    37,000
    Inventory
    25,000
    Property and Equipment (net)
    95,000
    Total Assets
    $206,500
    Accounts Payable
    Income Tax Payable
    $42,000
    Note Payable, Long-term
    1,000
    Total Liabilities
    40,000
    Capital Stock (par $10)
    83,000
    Retained Earnings
    Total Liabilities and Stockholders' Equity
    90,000
    Retained earnings
    33,500
    Total liabilities and stockholders' equity $206,500
    Requirement 2:

    $99,000
    48,000
    51,000
    33,000
    4,000
    14,000
    4,200
    $9,800
    $18,000
    32,000
    38,000
    105,000
    $193,000
    $35,000
    500
    40,000
    75,500
    90,000
    27,500
    $193,000

    Given Data PA13-1:


    PINNACLE PLUS
    Comparative Financial Statements
    December 31, 2010

    Income Statement
    Sales Revenue
    Cost of Goods Sold
    Gross Profit
    Operating Expenses
    Interest Expense
    Income before Income Tax Expense
    Income Tax Expense (30%)
    Net Income
    Balance Sheet
    Cash
    Accounts Receivable, Net
    Inventory
    Property and Equipment Net
    Total Assets
    Accounts Payable
    Income Tax Payable
    Note Payable, Long-term
    Total Liabilities
    Capital Stock (par $10)
    Retained Earnings
    Total Liabilities and Stockholders' Equity

    2010

    2009

    $ 110,000
    52,000
    58,000
    36,000
    4,000
    18,000
    5,400
    $ 12,600

    $ 99,000
    48,000
    51,000
    33,000
    4,000
    14,000
    4,200
    $
    9,800

    49,500
    37,000
    25,000
    95,000
    $ 206,500
    $ 42,000
    1,000
    40,000
    83,000
    90,000
    33,500
    $ 206,500

    18,000
    32,000
    38,000
    105,000
    $ 193,000
    $ 35,000
    500
    40,000
    75,500
    90,000
    27,500
    $ 193,000

    Additional Information:
    1. One-half of all sales are on credit.
    2. During 2010, cash dividends amounting to $6,600 were
    declared and paid.

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