Download: Douglas co and maulder co solution

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Comparative statement data for Douglas Company and Maulder Company, two competitors,
appear below. All balance sheet data are as of December 31, 2013, and December 31, 2012
Douglas Company Maulder Company
2013 2012 2013 2012
Net sales $1,549,035 $339,038
Cost of goods sold 1,080,490 241,000
Operating expenses 302,275 79,000
Interest expense 8,980 2,252
Income tax expense 54,500 6,650
Current assets $ $ 325,975 $312,410.00 83,336 $79,467
Plant assets (net) 521,310 500,000 139,728 125,812
Current liabilities 65,325 75,815 35,348 30,281
Long-term liabilities 108,500 90,000 29,620 25,000
Common stock, $10 par 5 500,000 500,000 120,000 120,000
Retained earnings 173,460 146,595 38,096 29,998
Instructions
(a) Prepare a vertical analysis of the 2013 income statement data for Douglas Company and
Maulder Company in columnar form.

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