| hm.tpx Required: 1 Complete the two tinal columns shown beside each tem in Pin
ID: 2410720 • Letter: #
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| hm.tpx Required: 1 Complete the two tinal columns shown beside each tem in Pinnacle Plus's compsrative financial statements. (Decreases should be Indicated by a minus sign. Round your percentage values to 1 decimal place.) PINNACLE PLUS Horizontal Analysis Increase (Decreasel in the Current year (versus Previous year) Current Year Previous Year Amount Percentage Income Statement Sales Rovenuc Cost of Goods Sold Grs Profit Operating Expenses Interest Fxpene Income before Income Tax Expense Income lax Expense (30%) Net Incoie Balance Sheet Cash Accounts Receivable, Net Inverilory Property and Equipment, Net Tolal Assels Accounts Payable Income Tax Payable Note Payable (long term) Total Liabilities Common Stock (par $10) Retained FamingsT Total Liabilities and StockholdersEqity20,12S 1 113,0005 101,100 18,300 52 00 33,750 4 310 14,750 4 425 13,02S1325 52,000 6D 40D 37,500 4,3DD 18,600 5,580 67,020 S 35.400 11 400 30,600 106 500 206,120 S 11,00 42,60035,300 600 13,000 79.100 95,000 7 800 17 600 25,300 95,300 1,600 13,000 87 2DD 85,000 33,920 Dunng the current year, cash dividends amounting to $ were declared and paid ?lype here to searchExplanation / Answer
CY PY Change Amount Change % Sales 113000 101100 11900 11.8% COGS 52600 48300 4300 8.9% GP 60400 52800 7600 14.4% Operaitng Exp 37500 33750 3750 11.1% Interest 4300 4300 0 0.0% Income before IT 18600 14750 3850 26.1% Tax 5580 4425 1155 26.1% Net Income 13020 10325 2695 26.1% Balance Sheet Cash 67920 35400 32520 91.9% AR 17600 11400 6200 54.4% Inventory 25300 38600 -13300 -34.5% Property 95300 106500 -11200 -10.5% Total Assets 206120 191900 14220 7.4% Accounts Payable 42600 35300 7300 20.7% Income Tax Payable 1600 800 800 100.0% Notes Payable 43000 43000 0 0.0% Common Stock 85000 85000 0 0.0% Retained Earnings 33920 27800 6120 22.0% Total Liabilities and Equity 206120 191900 14220 7.4%
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