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CHAPTER 2 Vertical-Analysis

The document provides financial statements for JC Trading Company for the years ended December 31, 2017 and 2016. It includes a statement of financial position showing total assets increased from $8.1 million in 2016 to $8.6 million in 2017, with property, plant and equipment as the largest asset. It also includes a statement of comprehensive income showing sales increased from $4.9 million in 2016 to $5.4 million in 2017, with net income increasing from $516,800 to $592,790. Overall, the statements show the company's financial position and performance strengthened from 2016 to 2017.

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Airon Bendaña
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1K views1 page

CHAPTER 2 Vertical-Analysis

The document provides financial statements for JC Trading Company for the years ended December 31, 2017 and 2016. It includes a statement of financial position showing total assets increased from $8.1 million in 2016 to $8.6 million in 2017, with property, plant and equipment as the largest asset. It also includes a statement of comprehensive income showing sales increased from $4.9 million in 2016 to $5.4 million in 2017, with net income increasing from $516,800 to $592,790. Overall, the statements show the company's financial position and performance strengthened from 2016 to 2017.

Uploaded by

Airon Bendaña
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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VERTICAL ANALYSIS

JC Trading Company
Statement of Financial Position
As of December 31

2017 % 2016 %
Cash and Cash Equivalents 470,310.00 5.46 519,860.00 6.42
Accounts Receivable 660,110.00 7.66 565,170.00 6.98
Inventory 653,060.00 7.58 555,480.00 6.86
Prepaid Expenses 173,740.00 2.02 228,820.00 2.83
Total Current Assets 1,957,220.00 1,869,330.00

Property, Plant and Equipment 5,910,530.00 68.62 5,501,660.00 67.98


Intangible Assets 745,200.00 8.65 721,910.00 8.92
Total Non-current Assets 6,655,730.00 6,223,570.00

Total Assets 8,612,950.00 100.00 8,092,900.00 100.00

Current Liabilities 1,273,050.00 14.78 1,123,700.00 13.89


Long-Term Liabilitites 577,580.00 6.71 541,540.00 6.69
Total Liabilities 1,850,630.00 1,665,240.00

JC, Capital 6,762,320.00 78.51 6,427,650.00 79.42


Total Liabilities and Owners' Equity 8,612,950.00 100.00 8,092,890.00 100.00

JC Trading Company
Statement of Comprehensive Income
For the year ended

2017 2016
Sales 5,385,860.00 100.00 4,921,850.00 100.00
Cost of Goods Sold 1,374,790.00 25.53 1,254,860.00 25.50
Gross Profit 4,011,070.00 74.47 3,666,990.00 74.50

Selling and Administrative Expenses 3,406,460.00 63.25 3,127,150.00 63.54


Interest Expense 11,820.00 0.22 23,040.00 0.47
Net Income 592,790.00 11.01 516,800.00 10.50

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