hho9e chstud第15章进行财务横向分析声明垂直准备并使用通.pdf

Perform a horizontal ysis of financial statements Perform a vertical ysis of financial statements Prepare and use common-size financial statements Compute and evaluate the standard financial ratios 2 To make informed decisions about a Helpful in managing the Comparison with competition Charting a ’sprogress, measure performance Establish financial health Used for investment decisions Generally based on comparative financial data From one year to the next With a competing With the industry as a whole. 3 Three main ways to yze financial statements Horizontal ysis Year-to-year comparison Vertical ysis Compare different companies Using industry averages Compare ’sperformance the industry averages 4 1 Perform a horizontal ysis of financial statements 5 The study of percentage changes omparative statements Compute dollar changes Compute percentage changes 6 Step 1 Step 2 7 8 Form of horizontal ysis Indicates business direction How have things changed over the years? Select a period of three to five years Base year, earliest year, is selected and set equal to 100% Subsequent year pressed as a percentage of the base period 9 Data for Mariner Designs, ., follow: MARINER DESIGNS, . Comparative e Statement Years Ended December 31, 2011 and 2012