Acciounting help needed

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Business Finance

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Data for Mariner Designs, Inc., follow: MARINER DESIGNS, INC. Comparative Income Statement Years Ended December 31, 2012 and 2011 Net sales revenue: Expenses: Cost of goods sold Selling and general expenses Other expense Total expenses Net income 2012 2011 $431.000 $372.350 $200.000 $187.550 99.000 91.050 8.350 6.850 $307.350 $285.450 $123.650 $86.900 Requirements: 1. Prepare a horizontal analysis of the comparative income statement of Mariner Designs, Inc. Round percentage changes 2. Why did 2012 net income increase by a higher percentage than net sales revenue? nc. Round percentage changes to one decimal place. Beta Graphics, Inc., has the following data: BETA GRAPHICS, INC. Comparative Balance Sheet December 31, 2012 and 2011 2012 Assets Total current assets Property, plant, and equipment, net Other assets Total assets Liabilities Total current liabilities Long-term debt Total liabilities Stockholders' Equity Total stockholders’ equity Total liabilities and stockholders’ equity Requirement: 1. Perform a vertical analysis of Beta's balance sheet for each year. 2011 $42.750 $59.000 208.335 215.000 33.915 35.500 $285.000 $309.500 $49.020 $50.100 109.155 102.300 $158.175 $152.400 126.825 157.100 $285.000 $309.500 Snyder Brush Company sells standard hair brushes. The following information summarizes Snyder's operating activities for Selling and administrative expenses Purchases Sales revenue Merchandise inventory, January 1, 2012 Merchandise inventory, December 31, 2012 $49.680 78.000 138.000 7.500 12.360 Requirements: 1. Prepare an income statement for 2012. Compute the ratio of operating expense to total revenue and operating income 2. Snyder sold 6,000 brushes 2012. Compute the unit cost for one brush. er's operating activities for 2012: nue and operating income to total revenue.
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