Please boost your Plan to download papers
Competition Bikes, Inc. is engaged in the business of manufacturing bicycles. Summary Report
Finance & Accounting
Pages 12 (3012 words)
COMPETITION BIKE'S SUMMARY REPORT Table of Contents Table of Contents 2 Task A.1. 3 Task A.2. 8 Task A.3. 9 Task A.4. 10 References 12 Task A.1. Competition Bikes, Inc. is engaged in the business of manufacturing bicycles which are meant for professionals who use them for racing purposes…
There are various techniques which can be utilized to evaluate the information present in the financial statements of a company. Some of the commonly used techniques are horizontal analysis, vertical analysis, trend analysis and ratio analysis. All these analyses have been performed for the Competition Bikes, Inc. taking into account the income statements and the balance sheets of the company for the past three years. Horizontal analysis of the financial statements is generally done to compare the performance levels within the company for a given period of time (Weygandt, Kimmel, & Kieso, 2009, p. 647). Horizontal analysis of Competition Bikes, Inc. that has been presented in the case would facilitate comparative analysis of the amounts as well as percentage increase or decrease of each of the related items in its income statements and balance sheets (Warren, 2008, p. 306). It would thus help to identify and understand the operational weaknesses and strengths of the company. As evident from the horizontal analysis of the income statements of Competition Bikes, Inc., there has been an 81.6% decline in its net income in the year 2008 as compared to 2007 which is quite significant. ...
Not exactly what you need?