【正文】 9,700 $ * Percent rounded to first decimal point. ($11,500 247。 The McGrawHill Companies, Inc., 2022 McGrawHill/Irwin CLOVER CORPORATION Comparative (Partial) Balance Sheet December 31, 2022 2022 2022 Dollar Change Percent Change* Assets Current assets: Cash and equivalents 12,000 $ 23,500 $ (11,500) $ () Accounts receivable, 60,000 40,000 20,000 Inventory 80,000 100,000 (20,000) () Prepaid expenses 3,000 1,200 1,800 Total current assets 155,000 $ 164,700 $ (9,700) $ () Property and equipment: Land 40,000 40,000 Buildings and equipment, 120,000 85,000 35,000 Total property and equipment 160,000 $ 125,000 $ 35,000 $ Total assets 315,000 $ 289,700 $ 25,300 $ * Percent rounded to first decimal point. P 1 169。 The McGrawHill Companies, Inc., 2022 McGrawHill/Irwin Trend Analysis Now, let’s look at trend analysis! P 1 169。 The McGrawHill Companies, Inc., 2022 McGrawHill/Irwin Berry Products Ine Information For the Years Ended December 31, Item 2022 2022 2022 2022 2022 Revenues 400,000 $ 355,000 $ 320,000 $ 290,000 $ 275,000 $ Cost of sales 285,000 250,000 225,000 198,000 190,000 Gross profit 115,000 105,000 95,000 92,000 85,000 2022 is the base period so its amounts will equal 100%. Trend Analysis P 1 169。 The McGrawHill Companies, Inc., 2022 McGrawHill/Irwin Berry Products Ine Information For the Years Ended December 31, Item 2022 2022 2022 2022 2022 Revenues 145% 129% 116% 105% 100% Cost of sales 150% 132% 118% 104% 100% Gross profit 135% 124% 112% 108% 100% How would this trend analysis look on a line graph? Item 2022 2022 2022 2022 2022 Revenues 400,000 $ 355,000 $ 320,000 $ 290,000 $ 275,000 $ Cost of sales 285,000 250,000 225,000 198,000 190,000 Gross profit 115,000 105,000 95,000 92,000 85,000 Trend Analysis P 1 169。 The McGrawHill Companies, Inc., 2022 McGrawHill/Irwin V e r t i c a l A n a l y s i s Now, let’s look at some vertical analysis tools! CommonSize Statements P 2 169。 The McGrawHill Companies, Inc., 2022 McGrawHill/Irwin CLOVER CORPORATION Comparative (Partial) Balance Sheet December 31, 2022 Commonsize Percents* 2022 2022 2022 2022 Assets Current assets: Cash and equivalents 12,000 $ 23,500 $ % % Accounts receivable, 60,000 40,000 Inventory 80,000 100,000 Prepaid expenses 3,000 1,200 Total current assets 155,000 $ 164,700 $ Property and equipment: Land 40,000 40,000 % Buildings and equipment, 120,000 85,000 Total property and equipment 160,000 $ 125,000 $ Total assets 315,000 $ 289,700 $ * Percent rounded to first decimal point. ($12,000 247。 $289,700) 100 = % P 2 169。 The McGrawHill Companies, Inc., 2022 McGrawHill/Irwin CLOVER CORPORATION Comparative (Partial) Balance Sheets December 31, 2022 Commonsize Percents* 2022 2022 2022 2022 Liabilities and Shareholders39。 equity: Preferred stock 20,000 20,000 % % Common stock 60,000 60,000 % % Additional paidin capital 10,000 10,000 % % Total paidin capital 90,000 $ 90,000 $ % % Retained earnings 80,000 69,700 % % Total shareholders39。 equity 315,000 $ 289,700 $ % % * Percent rounded to first decimal point. P 2 169。 The McGrawHill Companies, Inc., 2022 McGrawHill/Irwin This is a graphical analysis of Clover Corporation’s monsize ine statement for 2022. CommonSize Graphics 2022R e v e n u e s 1 0 0 . 0 %C o s t o f g o o d s s o l d 6 9 . 2Se l l i n g a n d a d m i n i s tr a ti v e 2 4 . 7N e t i n te r e s t 1 . 2I n c o m e ta x e s 1 . 4O th e r g a i n s 0 . 2N e t e a r n i n g s 3 . 6N e t i n c o m e p e r s h a r eI n c o m e ta x e s1 . 4 %N e t i n te r e s t1 . 2 0 %O th e r g a i n s0 . 2 % N e t e a r n i n g s3 . 6 %Se l l i n g a n d a d m i n i s tr a ti v e2 4 . 6 %C o s t o f g o o d s s o l d6 9 . 0 %P 2 169。 The McGrawHill Companies, Inc., 2022 McGrawHill/Irwin NORTON CORPORATION Balance Sheet December 31, 2022 2022 2022 Assets Current assets: Cash 30,000 $ 20,000 $ Accounts receivable, 20,000 17,000 Inventory 12,000 10,000 Prepaid expenses 3,000 2,000 Total current assets 65,000 $ 49,000 $ Property and equipment: Land 165,000 123,000 Buildings and equipment, 116,390 128,000 Total property and equipment 281,390 $ 251,000 $ Total assets 346,390 $ 300,000 $ P 3 169。 Equity Current liabilities: Accounts payable 39,000 $ 40,000 $ Notes payable, shortterm 3,000 2,000 Total current liabilities 42,000 $ 42,000 $ Longterm liabilities: Notes payable, longterm 70,000 78,000 Total liabilities 112,000 $ 120,000 $ Shareholders39。 equity 234,390 $ 180,000 $ Total liabilities and shareholders39。 The McGrawHill Companies, Inc., 2022 McGrawHill/Irwin NORTON CORPORATION Ine Statement For the Years Ended December 31 2022 2022 Revenues 494,000 $ 450,000 $ Cost of sales 140,000 127,000 Gross margin 354,000 $ 323,000 $ Operating expenses 270,000 249,000 Net operating ine 84,000 $ 74,000 $ Interest expense 7,300 8,000 Net ine before taxes 76,700 $ 66,000 $ Less ine taxes (30%) 23,010 19,800 Net ine 53,690 $