Question Details

E15-1 Financial information for Blevins Inc. is presented below.

December 31, 2009 		December 31, 2008
Current assets 	$125,000 			$100,000
Plant assets (net) 	  396,000 			  330,000
Current liabilities 	    91,000 			    70,000
Long-term liabilities 	  133,000 			     95,000
Common stock, $1 par  161,000 			   115,000
Retained earnings 	   136,000 			   150,000

Instructions
Prepare a schedule showing a horizontal analysis for 2009 using 2008 as the base year.


E15-2 Operating data for Gallup Corporation are presented below.
 	 				2009 			2008
Sales 					$750,000 		$600,000
Cost of goods sold 			   465,000 		  390,000
Selling expenses 			   120,000 		    72,000
Administrative expenses 		     60,000 		     54,000
Income tax expense 			     33,000   		     24,000
Net income 				     72,000     		     60,000

Instructions
Prepare a schedule showing a vertical analysis for 2009 and 2008

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