The percent change for Cost of sales was 2016-2017: 4.40%
Homework Answers
The percentage change in cost of sales is 4.4% whereas that of inventory is 7.15%.
There is a much movement in inventory than in cost of sales. This means that cost is increasing at a lower pace than inventory. Which means that
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The percent change for Cost of sales was 2016-2017: 4.40%
Exercise 2-4 Dollar Change from 2016...
B. Discuss the Percent Change in Gross Profit for 2016 to 2017 compared to the Percent...
B. Discuss the Percent Change in Gross Profit for 2016 to 2017
compared to the Percent Change in Net sales from 2016 to
2017.
90 RED COMPANY Chapter 2 - Homework Forms Exercise 2-3 Percent Change from 2016 to 2017 Percent Change from 2015 to 2016 A. 1. Net sales 4.72 % ,05 % (2.40) op 2. Cost of sales 4.40 % 5.29% 3. Gross profit 4.62% .63 % 4. Selling, general, and admin. expenses 4.73% 15,90 % 5. Net...
What is the change in the net working capital from 2016 to 2017? What is the...
What is the change in the net working capital from 2016 to
2017?
What is the cash flow from assets for 2017?
What is the cash flow to stockholders for 2017?
Consider the following financial statements for Galaga, Inc.: Galaga Inc. 2017 Income Statement Dividends Paid 91,600 Net Sales Less: Cost of Goods sold Less: Depreciation Earnings before int, and taxes Less: Interest paid Taxable income Less: Taxes Net income 745,000 595,000 9,500 140,500 22,400 118,100 24,800 93,300 Galaga Inc....
Exercise 13-3 Computation and analysis of trend percents LO P1 2017 2016 2015 2014 2013 Sales...
Exercise 13-3 Computation and analysis of trend percents LO P1 2017 2016 2015 2014 2013 Sales $ 681,345 $ 448,253 $ 357,174 $ 260,711 $ 190,300 Cost of goods sold 356,849 234,742 188,830 137,020 98,956 Accounts receivable 33,113 26,223 24,538 15,199 12,978 Compute trend percents for the above accounts, using 2013 as the base year. Trend Percent for Net Sales: Choose Numerator: Choose Denominator 2017 2016 2015 2014 Trend Percent for Cost of Goods Sold: Chose numerator: Choose Denominator 2017...
Income Statement Balance Sheet 2016 2017 2016 2017 36,960 41,525 616 583 Net sales Cost of...
Income Statement Balance Sheet 2016 2017 2016 2017 36,960 41,525 616 583 Net sales Cost of good sold Depreciation 28,829 31,094 1,232 1,204 Assets Cash and securities Accounts receivable Inventories Total current assets Net fixed assets 3,327 3,738 880 1,008 EBIT 4,804 6,693 2,728 2,795 60 68 6,072 6,445 Interest expense Tax (30%) 1,424 1,988 9,240 Net Income 3,320 4,637 359 381 Total assets 8,800 Liabilities and Owners' Equity Accounts payable 352 Short-term notes 352 Total current 704 liabilities Long-term...
*Exercise 14-2 Operating data for Navarro Corporation are presented below. 2017 2016 Net sales Cost of...
*Exercise 14-2 Operating data for Navarro Corporation are presented below. 2017 2016 Net sales Cost of goods sold Selling expenses Administrative expenses $ 754,000 469,500 124,500 65,000 30,000 65,000 $ 601,500 389,500 67,500 52,000 25,500 67,000 Income tax expense Net income Prepare a schedule showing a vertical analysis for 2017 and 2016. (Round answers to 1 decimal place, e.g. 48.5%.) NAVARRO CORPORATION Condensed Income Statements For the Years Ended December 31 2017 2016 Amount Percent Amount Percent Net sales $...
Sales Cost of goods sold Accounts receivable 2017 2016 2015 2014 2013 $474,832 $314,458 $253,595 $180,495...
Sales Cost of goods sold Accounts receivable 2017 2016 2015 2014 2013 $474,832 $314,458 $253,595 $180,495 $133,700 230,319 152,490 125,076 88,388 64,176 23,029 18,301' 17,346 10,577 9,132 Compute trend percents for the above accounts, using 2013 as the base year. Trend Percent for Net Sales: Choose Denominator: Choose Numerator: Sales 2017: 2016: 2015: 2014: Trend Percent for Cost of Goods Sold: / Choose Denominator: Choose Numerator Cost of goods sold 2017: 2016: 2015: 2014 Trend Percent for Accounts Receivables: 1...
Sales Cost of goods sold Accounts receivable 2019 2018 2017 2016 2015 $ 382,751 $ 255,167...
Sales Cost of goods sold Accounts receivable 2019 2018 2017 2016 2015 $ 382,751 $ 255,167 $ 210,014 $ 152,184 $ 111,900 197,703 131,885110,257 79,514 57,069 18,449 14,902 14,344 8,888 7,665 Compute trend percents for the above accounts, using 2015 as the base year. Choose Numerator: Trend Percent for Net Sales: 1 Choose Denominator: 1 Base year net sales Trend percent 2019: 2018: 2017: 2016: Choose Numerator: Trend Percent for Cost of Goods Sold: 1 Choose Denominator: / Base year...
1A.) What is the change in the net working capital from 2016 to 2017? 1B.) What...
1A.) What is the change in the net working capital from 2016 to
2017?
1B.) What is the amount of the net capital spending for
2017?
1C.) What is the cash flow from assets for 2017?
1D.)What is the cash flow to creditors for 2017?
1E.) What is the cash flow to stockholders for 2017?
Consider the following financial statements for Galaga, Inc.: Galaga Inc. 2017 Income Statement Dividends Paid 91,600 Net Sales Less: Cost of Goods sold Less: Depreciation...
5 ezto.mheducation.com ework Saved Sales Cost of goods sold Accounts receivable 2019 2018 2017 2016 $...
5 ezto.mheducation.com ework Saved Sales Cost of goods sold Accounts receivable 2019 2018 2017 2016 $ 282,880 $ 270,800 $ 252,600 $ 234,560 128,200 122,080 115,280 106,440 18,100 17,300 16,400 15,200 2015 150,000 67,000 9,000 Compute trend percents for the above accounts, using 2015 as the base year. Trend Percent for Net Sales: 1 Choose Denominator: Choose Numerator: 11 Trend percent 1 = 2019: 2018: % % 1 2017: 1 2016: = % Trend Percent for Cost of Goods Sold:...
Exercise 13-3 Computation and analysis of trend percents LO P1 2017 2016 2015 2014 2013 Sales...
Exercise 13-3 Computation and analysis of trend percents LO
P1
2017
2016
2015
2014
2013
Sales
$
503,999
$
327,272
$
259,740
$
175,500
$
130,000
Cost of goods sold
254,500
165,436
133,120
89,350
65,000
Accounts receivable
24,494
19,145
17,792
10,284
8,905
Compute trend percents for the above accounts, using 2013 as the
base year.
Exercise 13-3 Computation and analysis of trend percents LO P1 Sales Cost of goods sold Accounts receivable 2017 2016 2015 2014 2013 $ 503,999 $...
B. Discuss the Percent Change in Gross Profit for 2016 to 2017
compared to the Percent Change in Net sales from 2016 to
2017.
90 RED COMPANY Chapter 2 - Homework Forms Exercise 2-3 Percent Change from 2016 to 2017 Percent Change from 2015 to 2016 A. 1. Net sales 4.72 % ,05 % (2.40) op 2. Cost of sales 4.40 % 5.29% 3. Gross profit 4.62% .63 % 4. Selling, general, and admin. expenses 4.73% 15,90 % 5. Net...
What is the change in the net working capital from 2016 to
2017?
What is the cash flow from assets for 2017?
What is the cash flow to stockholders for 2017?
Consider the following financial statements for Galaga, Inc.: Galaga Inc. 2017 Income Statement Dividends Paid 91,600 Net Sales Less: Cost of Goods sold Less: Depreciation Earnings before int, and taxes Less: Interest paid Taxable income Less: Taxes Net income 745,000 595,000 9,500 140,500 22,400 118,100 24,800 93,300 Galaga Inc....
Income Statement Balance Sheet 2016 2017 2016 2017 36,960 41,525 616 583 Net sales Cost of good sold Depreciation 28,829 31,094 1,232 1,204 Assets Cash and securities Accounts receivable Inventories Total current assets Net fixed assets 3,327 3,738 880 1,008 EBIT 4,804 6,693 2,728 2,795 60 68 6,072 6,445 Interest expense Tax (30%) 1,424 1,988 9,240 Net Income 3,320 4,637 359 381 Total assets 8,800 Liabilities and Owners' Equity Accounts payable 352 Short-term notes 352 Total current 704 liabilities Long-term...
*Exercise 14-2 Operating data for Navarro Corporation are presented below. 2017 2016 Net sales Cost of goods sold Selling expenses Administrative expenses $ 754,000 469,500 124,500 65,000 30,000 65,000 $ 601,500 389,500 67,500 52,000 25,500 67,000 Income tax expense Net income Prepare a schedule showing a vertical analysis for 2017 and 2016. (Round answers to 1 decimal place, e.g. 48.5%.) NAVARRO CORPORATION Condensed Income Statements For the Years Ended December 31 2017 2016 Amount Percent Amount Percent Net sales $...
Sales Cost of goods sold Accounts receivable 2017 2016 2015 2014 2013 $474,832 $314,458 $253,595 $180,495 $133,700 230,319 152,490 125,076 88,388 64,176 23,029 18,301' 17,346 10,577 9,132 Compute trend percents for the above accounts, using 2013 as the base year. Trend Percent for Net Sales: Choose Denominator: Choose Numerator: Sales 2017: 2016: 2015: 2014: Trend Percent for Cost of Goods Sold: / Choose Denominator: Choose Numerator Cost of goods sold 2017: 2016: 2015: 2014 Trend Percent for Accounts Receivables: 1...
Sales Cost of goods sold Accounts receivable 2019 2018 2017 2016 2015 $ 382,751 $ 255,167 $ 210,014 $ 152,184 $ 111,900 197,703 131,885110,257 79,514 57,069 18,449 14,902 14,344 8,888 7,665 Compute trend percents for the above accounts, using 2015 as the base year. Choose Numerator: Trend Percent for Net Sales: 1 Choose Denominator: 1 Base year net sales Trend percent 2019: 2018: 2017: 2016: Choose Numerator: Trend Percent for Cost of Goods Sold: 1 Choose Denominator: / Base year...
1A.) What is the change in the net working capital from 2016 to
2017?
1B.) What is the amount of the net capital spending for
2017?
1C.) What is the cash flow from assets for 2017?
1D.)What is the cash flow to creditors for 2017?
1E.) What is the cash flow to stockholders for 2017?
Consider the following financial statements for Galaga, Inc.: Galaga Inc. 2017 Income Statement Dividends Paid 91,600 Net Sales Less: Cost of Goods sold Less: Depreciation...
5 ezto.mheducation.com ework Saved Sales Cost of goods sold Accounts receivable 2019 2018 2017 2016 $ 282,880 $ 270,800 $ 252,600 $ 234,560 128,200 122,080 115,280 106,440 18,100 17,300 16,400 15,200 2015 150,000 67,000 9,000 Compute trend percents for the above accounts, using 2015 as the base year. Trend Percent for Net Sales: 1 Choose Denominator: Choose Numerator: 11 Trend percent 1 = 2019: 2018: % % 1 2017: 1 2016: = % Trend Percent for Cost of Goods Sold:...
Exercise 13-3 Computation and analysis of trend percents LO
P1
2017
2016
2015
2014
2013
Sales
$
503,999
$
327,272
$
259,740
$
175,500
$
130,000
Cost of goods sold
254,500
165,436
133,120
89,350
65,000
Accounts receivable
24,494
19,145
17,792
10,284
8,905
Compute trend percents for the above accounts, using 2013 as the
base year.
Exercise 13-3 Computation and analysis of trend percents LO P1 Sales Cost of goods sold Accounts receivable 2017 2016 2015 2014 2013 $ 503,999 $...
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