Math Problem Statement
Prepare a horizontal analysis of the net income comparing 2012 and 2013. (Round percentages to one decimal place.) Consolidated Statement of Income Increase (Decrease) Year ended December 31 (in millions) 2013 2012 Amount Percent Revenue $ 64,655
Correct: Your answer is correct. $ 62,571
Correct: Your answer is correct. $ 2,084
Correct: Your answer is correct. 3.3
Correct: Your answer is correct. % Costs and Expenses: Programming and Production 19,668
Correct: Your answer is correct. 19,930
Correct: Your answer is correct. -262
Correct: Your answer is correct. -1.3
Correct: Your answer is correct. Other operating and administrative 18,582
Correct: Your answer is correct. 17,834
Correct: Your answer is correct. 748
Correct: Your answer is correct. 4.2
Correct: Your answer is correct. Advertising, Marketing, and Promotion 4,967
Correct: Your answer is correct. 4,832
Correct: Your answer is correct. 135
Correct: Your answer is correct. 2.8
Correct: Your answer is correct. Depreciation 6,252
Correct: Your answer is correct. 6,151
Correct: Your answer is correct. 101
Correct: Your answer is correct. 1.6
Correct: Your answer is correct. Amortization 1,615
Correct: Your answer is correct. 1,649
Correct: Your answer is correct. -34
Correct: Your answer is correct. -2.1
Correct: Your answer is correct. Operating Income 13,571
Correct: Your answer is correct. 12,175
Correct: Your answer is correct. 1,396
Correct: Your answer is correct. 11.5
Correct: Your answer is correct. Other Income (Expense): Interest Expense -2,576
Correct: Your answer is correct. -2,520
Correct: Your answer is correct. -56
Correct: Your answer is correct. 2.2
Correct: Your answer is correct. Investment Income (Loss), Net 574
Correct: Your answer is correct. 220
Correct: Your answer is correct. 354
Correct: Your answer is correct. 161.0
Correct: Your answer is correct. Equity in Net Income (Losses) of Investees, Net -88
Correct: Your answer is correct. 960
Correct: Your answer is correct. 1048
Incorrect: Your answer is incorrect. Other Income (Expense), Net -366
Correct: Your answer is correct. 774
Correct: Your answer is correct. 133
Incorrect: Your answer is incorrect. -5,157
Incorrect: Your answer is incorrect. Income before Income Taxes 11,115
Correct: Your answer is correct. 11,609
Correct: Your answer is correct. 8,207
Incorrect: Your answer is incorrect. Income Tax Expense -3,982
Correct: Your answer is correct. -3,743
Correct: Your answer is correct. -239
Correct: Your answer is correct. 6.4
Correct: Your answer is correct. Net Income 7,133
Correct: Your answer is correct. 7,866
Correct: Your answer is correct. -733
Correct: Your answer is correct. -9.3
Correct: Your answer is correct. Net (Income) Loss Attributable to Noncontrolling Interests and Redeemable Subsidiary Preferred Stock -321
Correct: Your answer is correct. -1,661
Correct: Your answer is correct. -1,340
Incorrect: Your answer is incorrect. -13.4
Incorrect: Your answer is incorrect. Net Income Attributable to Corporation $ 6,812
Solution
Here's a horizontal analysis of the Net Income comparing 2012 and 2013. In this analysis, we will focus on calculating the increase or decrease in the Net Income from 2012 to 2013, including the percentage change.
Horizontal Analysis of Net Income (2012 to 2013)
Net Income
- 2013: $7,133 million
- 2012: $7,866 million
- Change (Amount): million
- Change (Percentage):
This analysis shows that the Net Income decreased by $733 million, or -9.3% from 2012 to 2013.
Would you like further details or clarification on any part of the analysis?
Here are five related questions to explore further:
- How is horizontal analysis useful in identifying business trends?
- What factors might contribute to a decline in net income?
- How does a change in revenue affect net income percentage-wise?
- What impact do costs and expenses have on net income?
- How does the net income attributable to the corporation differ from total net income?
Tip: When conducting horizontal analysis, focus on both the absolute change (amount) and relative change (percentage) to capture both size and scale of fluctuations.
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Math Problem Analysis
Mathematical Concepts
Horizontal Analysis
Percentage Change
Financial Statement Analysis
Formulas
Change in Amount = Current Year Value - Previous Year Value
Percentage Change = (Change in Amount / Previous Year Value) * 100
Theorems
-
Suitable Grade Level
College - Introductory Accounting/Finance
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