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S11 5 A Vertical analys C. Dagonala D. Both and the Michael Jordan Shoes San t os 0 000: Good $46.000.orge s 534000 15000 2000, income of $3.000. you o prom o te woment you w the income statemente t isho A $90.000 B $45.000 C $34.000 D $3,000 E $80,000 Which of the following is an example of vertical analysis A Comparing gross profit across companies B. Comparing income statements as a percentage of C. Comparing debt with industry averages D. Comparing balance sheet items as a percentage of stockholders E Comparing assets and abilities CROSS companies of me F Comparing the change in sales over time 8 9. Which of the following is an example of horizontal analysis? A Comparing gross profit acOSS companies B. Comparing gross profit with operating expenses C. Comparing assets with equity D. Comparing the change in sales over time 10. Which of the following is not considered to be an analytical procedure? A. Comparisons of financial statement amounts with source documents (EX: Invoice). B. Comparisons of financial statement amounts with nonfinancial data (EX: Sq, footage per store) C. Comparisons of financial statement amounts with budgeted amounts D. Comparisons of financial statement amounts with comparable prior year amounts (Put 11. Analytical procedures is that they are not good at testing data/information/accounts on the the name of Financial Statement (Name only 1)) because management can manipulate the data to look a certain way by changing the timing of purchases or payables for a short period of time closer to year end. 11

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