Chapter 11
Financial Statement Analysis
566
AP-20A (
2
)
Perform a vertical analysis (use Sales as the base) for Hiltonia Inc. Comment on the results.
Note that figures are in millions of dollars.
Hiltonia Inc.
2016 2015
Sales
$210 $250
COGS
150 200
Gross Profit
60
50
Selling Expenses
5
4
Wages
2
2
Rent
5
5
Total Expenses
12
11
Income before Tax
48
39
Taxes (35%)
16.8 13.65
Net Income
$31.2 $25.35
