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Cornerstones of Managerial Accounting 4th Edition by Maryanne Mowen, Don Hansen, Dan Heitger
Edition 4ISBN: 978-0324380767Cornerstones of Managerial Accounting 4th Edition by Maryanne Mowen, Don Hansen, Dan Heitger
Edition 4ISBN: 978-0324380767 Exercise 58
Horizontal Analysis
Mike Sanders is considering the purchase of Kepler Company, a firm specializing in the manufacture of office supplies. To be able to assess the financial capabilities of the company, Mike has been given the company's financial statements for the 2 most recent years.
Refer to the information for Kepler Company above.
Required:
Note : Round all percentages to one decimal place.
1. Compute the percentage change for each item in the balance sheet and income statement.
2. CONCEPTUAL CONNECTION Comment on any significant trends.
Mike Sanders is considering the purchase of Kepler Company, a firm specializing in the manufacture of office supplies. To be able to assess the financial capabilities of the company, Mike has been given the company's financial statements for the 2 most recent years.
Refer to the information for Kepler Company above.
Required:
Note : Round all percentages to one decimal place.
1. Compute the percentage change for each item in the balance sheet and income statement.
2. CONCEPTUAL CONNECTION Comment on any significant trends.
Explanation
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1) By calculating or converting each val...
Cornerstones of Managerial Accounting 4th Edition by Maryanne Mowen, Don Hansen, Dan Heitger
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