The McCumber Corporation data for the current year:

With respect to common stock,what would a horizontal analysis report?
A)Stockholder's equity as 7.75% of total capital
B)Sales return of $11.17
C)87.72% increase from prior to current year of cost of goods sold
D)Increase of $5,880 in common stock

Question

The McCumber Corporation data for the current year:

With respect to common stock,what would a horizontal analysis report?
A)Stockholder's equity as 7.75% of total capital 
B)Sales return of $11.17 
C)87.72% increase from prior to current year of cost of goods sold 
D)Increase of $5,880 in common stock

Quizplus · Accepted Answer

D)
Common stock - Prior $42,000
Current 47,880
Increase 5,880

The McCumber Corporation Data for the Current Year