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Chapter 13
Analyzing Financial Statements
PowerPoint Authors:
Susan Coomer Galbreath, Ph.D., CPA Charles W Caldwell, D.B.A., CMA
Jon A. Booker, Ph.D., CPA, CIA Cynthia J. Rooney, Ph.D., CPA
McGrawHill/Irwin Copyright © 2014 by The McGrawHill Companies, Inc. All rights reserved.-1
Financial Statement Analysis
Financial statement analysis is based on comparisons.
Time series analysis
Examines a single company to identify
trends over time.
Comparison with similar companies
Provides insights concerning a company’s relative performance.
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Component Percentages
Express each item on a particular statement as a percentage of a single base amount.
Net sales on the income
statement
Total assets on the balance sheet
The comparative income statements of Home Depot for 2012, 2011, and 2010 appear on the next slide.
Prepare component percentage income statements where net sales equal 100%.
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Net Sales will be set to 100% and all other components will be expressed as a percentage of Net Sales.
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Net Sales will be set to 100% and all other components will be expressed as a percentage of Net Sales.
2012 Cost of Sales ÷ 2012 Net Sales $46,133 ÷ $70,395 = .655 or 65.5%
2012 Gross Profit ÷ 2012 Net Sales $24,262 ÷ $70,390 = .345 or 34.5%
2012 Selling, G&A ÷ 2012 Net Sales $16,028 ÷ $70,395 = .228 or 22.8%
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