Accounting Chapter 14

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Last updated 1:56 PM on 9/14/26
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11 Terms

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Horizontal Analysis

  1. Find difference between years

  2. divide change by base year (percentage)


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Trend Percentage

Year divided by base year

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Vertical Analysis of income statement

each # is percentage of sales

4
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Vertical Analysis of balance sheet

Each # is percentage of total assets

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Working Capital

Current assets - current liabilities

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Current Ratio

Current assets / Current liabilities

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Inventory Turnover

COGS / Average Inventory

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A/R Turnover

Net credit sales / average net A/R

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Days sales in Receivables

  1. find one days sales. one days sales=net sales/365

  2. find days sales in rec. days sales in rec. = avg a/r / one days sales


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gross profit percentage

gross profit/net sales

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Earnings per share of common stock

(net income-preferred dividends)/ # of shares of common stock outstanding