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ACCT 212 DeVry Week 7 Complete Work Latest

ACCT 212 DeVry Week 7 Discussion 1

If you were to get a physical from your doctor and he or she only took your blood pressure prior to stating that you are in good health, would you be concerned? If you have noticed in your readings, starting in Chapter 3, there has been explanation of the methods by which you could determine the financial health of a company. Name one and explain how it is computed. Which financial statement(s) does the input come from? Most importantly, what does it tell you about the financial performance or health?

ACCT 212 DeVry Week 7 Discussion 2

Let’s start with Exercise 13-19A by preparing a common-size income statement for the McMahon Music Co. Do this in Excel. Do not post your spreadsheet in the discussion, but rather, place a screenshot of it. How did you format the cells? Any suggestions on where to obtain assistance with building the spreadsheet?

ACCT 212 DeVry Week 7 Course Project 2 McDonough Products

ACCT 212 DeVry Week 7 Checkpoint

Question 1:

(TCO 1) The primary focus of horizontal analysis is

Percentage changes in comparative financial statements.

the balance sheet only.

the changes in individual financial statement amounts as a percentage of some related total.

the change in key financial statement ratios over a certain time frame.

Question 2. Question :

(TCO 1) Horizontal analysis of financial statements is an

analysis tool.

analysis theory

analysis principle.

analysis requirement.

Question 3. Question :

(TCO 1) A vertical analysis is primarily concerned with

the dollar amount of the change in various financial statement amounts from year to year.

individual financial statement items expressed as a percentage of a base (which represents 100%).

percentage changes in the balances shown in comparative financial statements.

the change in key financial statement ratios over a specified period of time.

Question 4. Question :

(TCO 1) Common-size analysis is also known as

trend analysis.

ratio analysis.

vertical analysis.

matrix analysis.

Question 5. Question : (TCO 1) On a common-size balance sheet each item is expressed as a percentage of

current assets.

operating income.

total assets.

net more info income.

Question 6. Question :

(TCO 1) Benchmarking financial statements represents a form of

horizontal analysis.

vertical analysis.

gross profit analysis.

trend analysis.

Question 7. Question :

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