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of 31 2017 2016 40,300
lem 13-5A Score Results by Study 9,600 $8,830 2,000 1,900 1,500 1,700 Other assets 1,200 1,340 7,770 -20% or ( ), (20%). Round $9,600 $8,830
1,500 1,700 13,100 12,430 $3,240 $3,320 1,200 1,340 8,660 7,770 $13,100 $12,430 Current Assets $13,100 $13,100
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2 WHISPERING WINDS CORP Comparative Income Statement 31-Dec 4 Increase or (Decrease) During 2017 2017 2016 Amount Percentage Net sales Cost of goods sold 463,000 428,500 Gross profit Operating expenses77,800 40,300 Net income 21.70% 8.05% 103.06% 93.05% 115.82% 609,000 500,400 108,600 34,500 74,100 37,500 36,600 146,000 71,900 11 68,20031,600

Working note:

2 WHISPERING WINDS CORP Comparative Income Statement Dec 31 4 Increase or (Decrease) During 2017 Amount Percentage 2017 2016 Net sales Cost of goods sold Gross profit Operating expenses Net income 463000 146000 77800 428500 71900 40300 -C10-D10 E10/D10 -c11-011 |ΞΕ11/011 10

Exercise 13-5 2 TAMARISK, INC. Condensed Balance Sheet May 31 ($ in millions) 4 Percentage Increase 2017 (Decrease) Change from 2016 Assets Current Assets Pro Other assets Total assets Liabilities and Stockholders Equit Current Liabilities Long-term Liabilities Stockholders equiy Total liabilities and stockholders equity13,100 9,600 2,000 1,500 1,700 8.72% 5.26% 11.76% 5.39% 8,830 1,900 770 100 (200) , Plant, and Equipment (net 10 12 13 14 3,240 1,200 8,660 3,320 1,340 7,770 140) 890 670 2.41% 10.45% 11.45% 5.39% 16 19 (b) 20 TAMARISK, INC. Condensed Balance Sheet May 31 in Percentage millions Assets Current Assets Pro Other assets Total assets Liabilities and Stockholders Equit Current Liabilities Long-term Liabilities Stockholders equi Total liabilities and stockholders equit 24 25 26 27 9,600 2,000 1,500 73.28% 15.27% 11.45% 100.00% , Plant, and Equipment (net 24.73% 9.16% 66.11% 100.00% 29 3,240 1,200 8,660 32

Working note:

Exercise 13-5 2 TAMARISK, INC. Condensed Balance Sheet May 31 ($ in millions Increase (Decrease) Percentage Change from 2016 2017 2016 Assets Current Assets Pro Other assets Total assets Liabilities and Stockholders Equit Current Liabilities Long-term Liabilities Stockholders equiy Total liabilities and stockholders equity SUM C13:C15) E8/D8 E9/D9 E10/D10 E11/D11 9600 8830 1900 1700 -SUMID8:D10 -C11-D11 -C8-D8 -C9-D9 C10-D10 , Plant, and Equipment (net 2000 10 12 13 14 3240 1200 8660 C13-D13 C14-D14 C15-D15 -SUMID13:D15-C16-D16 E13/D13 E14/D14 E15/D15 E16/D16 3320 1340 16 17 TAMARISK, INC. Condensed Balance Sheet May 31 19 (b) 21 ($ in millions) Percentage Assets Current Assets Pro Other assets Total assets Liabilities and Stockholders Equit Current Liabilities Long-term Liabilities Stockholders equi Total liabilities and stockholders equity SUM(C29:C31 9600 2000 1500 C24 D27/C27 C25 D27/C27 C26 D27/C27 , Plant, and Equipment (net 26 27 3240 1200 8660 C29 D32/C32 -C30 D32/C32 C31 D32/C32 31 32

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    Suppose the comparative balance sheets of Tamarisk, Inc. are presented here. TAMARISK, INC. Condensed Balance Sheet May 31 ($ in millions) 2017 2016 Assets Current Assets $9,600 $8,830 Property, plant, and equipment (net) 2,000 1,900 Other assets 1,500 1,700 Total assets $13,100 $12,430 Liabilities and Stockholders' Equity Current Liabilities $3,240 $3,320 Long-term liabilities 1,200 1,340 Stockholders’ equity 8,660 7,770 Total liabilities and stockholders' equity $13,100 $12,430 (a) Prepare a horizontal analysis of the balance sheet data for Tamarisk, using 2016...

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