Pinnacle Plus declared and paid a cash dividend of $6.700 in the current year. Its comparative financial statements, pre

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Pinnacle Plus Declared And Paid A Cash Dividend Of 6 700 In The Current Year Its Comparative Financial Statements Pre 1 (28.94 KiB) Viewed 44 times

Pinnacle Plus Declared And Paid A Cash Dividend Of 6 700 In The Current Year Its Comparative Financial Statements Pre 2 (33.63 KiB) Viewed 44 times

Pinnacle Plus declared and paid a cash dividend of $6.700 in the current year. Its comparative financial statements, prepared at December 31, reported the following summarized information: Required: 1. Complete the two final columns shown beside each item in Pinnacle Plus's comparative financial statements. 2-a. Which account increased by the largest dollar amount? 2-b. Which account increased by the largest percentage? Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 20 Complete the two final columns shown beside each item in Pinnacle Plus's comparative financial statements. (Decreases should be indicated by a minus sign. Round percentage values to 1 decimal place.) PINNACLE PLUS Horizontal Analysis Increase (Decrease) in the Current year (versus Previous year Current Year Previous Year Amount Percentage Income Statement Sales Revenue S 111,000 $ 99,700 52,200 46,100 Cost of Goods Sold Gross Profe 58,800 51.600 Operating Expenses 36,500 33,250 Interest Expense 4.100 4.100 Check my work
Book Income Statement Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Interest Expense Income before Income Tax Expense Income Tax Expense (30%) Net Income Balance Sheet Cash Accounts Receivable, Net Inventory Property and Equipment, Net Total Assots Accounts Payable Income Tax Payable Notes Payable (long-term) Total Liabilities Common Stock (par $10) Retained Earnings Total Liabilities and Stockholders Equity Current Year Previous Year $ 111,000 $ 99,700 52.200 48,100 58,800 51,600 36,500 33,250 4,100 4,100 14.250 18.200 5,460 12.740 S 4,275 9.975 69,640 $ 37,800 17,200 11,000 25,100 38,200 95,100 105,500 207,040 $ 193,300 35, 100 42.200 $ 1,200 600 41,000 41,000 84,400 76,700 89,000 89.000 33,640 27,600 207,040 $ 193.300 $ $ S $ $ Chest in the Current year (veraus Previous year) Amount Percentage Reg 2A >