Corke's Cookies
Income Statement Horizontal Analysis
---------- Fiscal Year ---------- $ Change % Change $ Change % Change $Change % Change
2024 2023 2022 2023-2024 2023-2024 2022-2023 2022-2023 2022-2024 2022-2024
Net sales $ 50,000 $ 45,000 $ 48,000 $ 5,000.00 11.1% $ (3,000.00) -6.3% $ 2,000.00 4.2%
Cost of sales 30,000 28,000 29,000 2,000 7.1% (1,000) -3.4% 1,000 3.4%
Gross Profit 20,000 17,000 19,000 3,000 17.6% (2,000) -10.5% 1,000 5.3%
- - -
Selling expenses 10,000 9,000 9,500 1,000 11.1% (500) -5.3% 500 5.3%
Administrative exenses 8,000 7,500 8,200 500 6.7% (700) -8.5% (200) -2.4%
Income from continuing operations 2,000 500 1,300 1,500 300.0% (800) -61.5% 700 53.8%
Income tax 400 100 260 300 300.0% (160) -61.5% 140 53.8%
Net income 1,600 400 1,040 1,200 300.0% (640) -61.5% 560 53.8%
Corke's Cookies
Balance Sheet Horizontal Analysis
12/31 12/31 $ Change % Change
Assets: 2024 2023 2023-2024 2023-2024
Current Assets:
Cash $12,000 $11,000 $1,000 9.1%
Accounts Receivable $5,000 $6,500 -$1,500 -23.1%
Total Current Assets $17,000 $17,500 -$500 -2.9%
PPE, net 35000 28000 $7,000 25.0%
Total Assets $52,000 $45,500 $6,500 14.3%
Liabilities:
Current liabilities:
Accounts Payable $15,000 $12,000 $3,000 25.0%
Total current liabilities $15,000 $12,000 $3,000 25.0%
Long term Notes Payable $30,000 $25,000 $5,000 20.0%
Total liabilities $45,000 $37,000 $8,000 21.6%
Stockholders' Equity:
Common Stock $2,000 $2,000 $0 0.0%
Retained Earnings $5,000 $6,500 -$1,500 -23.1%
Total Stockholders' Equity $7,000 $8,500 -$1,500 -17.6%
Total Liabilities + Stockholders' Equity $52,000 $45,500 $6,500 14.3%