Part i: 4 spreadsheets (see description for templates); part ii:

 

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Part I

As a new accountant, you have been assigned to your firm’s client, Jim’s Auto Body. Jim’s Auto Body is a relatively new company of 2 years. To help the client understand the company’s performance over the last 2 years, complete a horizontal and vertical analysis of the income statement and balance sheet using the financial statements provided below.

Horizontal Analysis of the Income Statement

Table 1Table 2

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Horizontal Analysis of the Balance Sheet

Table 3Table 4

Vertical Analysis of the Income Statement

Table 5Table 6

Vertical Analysis of the Balance Sheet

Table 7Table 8

Part II

Give a brief explanation of the analysis results. Your analysis should be 300–500 words in APA format.

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