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1、Chapter13FinancialStatementAnalysisNotes:Chapter13FinancialStatementAnalysis1Harcourt,Inc.itemsandderiveditemscopyright©2001byHarcourt,Inc.LO12Harcourt,Inc.itemsandderiveditemscopyright©2001byHarcourt,Inc.FinancialStatementAnalysisWillIbepaid?CreditorsHowgoodisourinvestm
2、ent?Howareweperforming?StockholdersManagement3Harcourt,Inc.itemsandderiveditemscopyright©2001byHarcourt,Inc.13-1Harcourt,Inc.Chapter13FinancialStatementAnalysisNotes:LimitationsofFinancialStatementAnalysisnUseofdifferentaccountingmethodsnChangesinaccountingmethodsLIFOFIF
3、O4Harcourt,Inc.itemsandderiveditemscopyright©2001byHarcourt,Inc.LimitationsofFinancialStatementAnalysisnFailuretounderstandtrendsoruseindustryratiosnDifficultyofmakingindustry????comparisons(i.e.conglomerates)5Harcourt,Inc.itemsandderiveditemscopyright©2001byHarcourt,Inc
4、.LimitationsofFinancialStatementAnalysisnNonoperatingitemsonincomestatementnEffectsofinflation=6Harcourt,Inc.itemsandderiveditemscopyright©2001byHarcourt,Inc.13-2Harcourt,Inc.Chapter13FinancialStatementAnalysisNotes:LO27Harcourt,Inc.itemsandderiveditemscopyright©2001byHa
5、rcourt,Inc.HorizontalAnalysisWm.WrigleyJr.Company(inmillions)Increase(Decrease)19981997DollarsPercentNetSales$2,005$1,937$683.5%Grossprofit1,1561,089676.2Earningsbeforefactoryclosingandsale298274248.8Netearnings3052723314.38Harcourt,Inc.itemsandderiveditemscopyright©2001
6、byHarcourt,Inc.TrendAnalysisWm.WrigleyJr.Company19981997199619951994ReturnonAvg.Equity28.4%28.9%27.2%30.1%36.5%Trackingitemsoveraseriesofyears9Harcourt,Inc.itemsandderiveditemscopyright©2001byHarcourt,Inc.13-3Harcourt,Inc.Chapter13FinancialStatementAnalysisNotes:LO310Har
7、court,Inc.itemsandderiveditemscopyright©2001byHarcourt,Inc.VerticalAnalysisnCommon-sizestatementsrecastitemsasapercentageofa%selecteditemnAllowscomparisonsof%companiesofdifferentsize%nComparespercentagesacrossyearstoidentifytrends11Harcourt,Inc.itemsandderiveditemscopyri
8、ght©2001byHarcourt,Inc.Common-SizeStatementsDollarsPercentSalesrevenue$60,000100%Costofgoodssold24,0004
