Trend percent for year 2
= 640,000/590,000 = 108.5%
Trend percent for year 3
= 690,000/590,000 = 116.9%
Option A is the answer
Ash Company reported sales of $590.000 for Year 1, $640,000 for Year 2, and $690,000 for...
Ash Company reported sales of $530,000 for Year 1, $580,000 for Year 2 and $630,000 for Year 3. Using Year 1 as the bose year, what is the revenue tren 118.9% for Year 2 and 109.4% for Year 3. 109.4% for Year 2 and 118.9% for Year 3. 910% for Year 2 and 92.1% for Year 3. O 841% for Year 2 and 92,1% for Year 3. 0 910% for Year 2 and 84.1% for Year 3 value: 5.00 points...
Martinez Corporation reported net sales of $783.000, net income of $124,000 and total assets of $7,814,070. The profit margin is: Multiple Choice 1.58% 6.31% 84.16% 631.0% 15.84% < Prey 25 of 36 1 Next > to search O SAMSUNG
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1.Ash Company reported sales of $400,000 for Year 1, $450,000 for Year 2, and $500,000 for Year 3. Using Year 1 as the base year, what is the revenue trend percent for Years 2 and 3? a. 125% for Year 2 and 112.5% for Year 3. b. 80% for Year 2 and 90% for Year 3. c. 88% for Year 2 and 80% for Year 3. d. 112.5% for Year 2...
Save Green Company reports depreciation expense of $51.000 for Year 2. Also, equipment costing $173.000 was sold for a 56100 gain in Year 2 The following selected information is available for Green Company troms comparative balance sheet Compute the cash received from the sale of the equipment Help Save & Ext Sub At December 31 Equipment Accumulated Depreciation-Equipment Year 2 Year 1 $665,000 $838,800 472,000 555,000 Multiple Choice $51,000. о $32.900 $45.100 O $90,000 ОО $39,000 Next > 12 of...
Salah's net income for the year ended December 31, Year 2 was $196,000. Information from Salah's comparative balance sheets is given below. Compute the cash paid for dividends during Year 2 At December 31 Common Stock, $5 par value Paid-in capital in excess of par Retained earnings Year 2 Year 1 $511,000 $459,900 959,000 862,900 699,000 591,900 Multiple Choice $96,100. O O $88.900 $51100 Ο Ο Ο $147,200 $107100 17 of 36 < Prey Next > O SAMSUNG re to...
A company's sales in Year 1 were $270,000 and in Year 2 were $307,500. Using Year 1 as the base year, the percent change for Year 2 compared to the base year is: Multiple Choice o 15%. o 88%. o 13%. o 100%. o 14%.
Sarved Help Sav 2 Sales Cost of goods sold Accounts receivable 2019 2013 2017 2016 2015 $ 282,880 $ 270,800 $ 252,6ee $ 234,560 $ 150.800 128,269 122,080 115,280 106,440 67.000 18,100 17,300 16,400 15,200 9,000 Compute trend percents for the above accounts, using 2015 as the base year. Choose Numerator: Trend Percent for Net Sales Choose Denominator: 1 1 Trend percent % 2019: 2018: 2017: 2016: % % % Trend Percent for Cost of Goods Sold: 1 Choose Denominator:...
Use the following selected information from Whitman Corp. to determine the Year 1 and Year 2 common size percentages for cost of goods sold using Net sales as the base Net sales Cost of goods sold Operating expenses Net earnings Year 2 Year 1 $473,000 $385,000 205,900 134,270 75,040 72,320 37.900 26,900 Multiple Choice 1604% for Year 2 and 1864 fw Year 59.4% for Year 2 and 53.7% for Yeart 122.9% for Year 2 and 100.0% for Year 1 43.5%...
Lucia Company reported cost of goods sold for Year 1 and Year 2 as follows: Year 1 Year 2 Beginning inventory $ 120,000 $ 130,000 Cost of goods purchased 250,000 275,000 Cost of goods available for sale 370,000 405,000 Ending inventory 130,000 135,000 Cost of goods sold $ 240,000 $ 270,000 Lucia Company made two errors: 1) ending inventory at the end of Year 1 was understated by $15,000 and 2) ending inventory at the end of Year 2 was...
Payne Company's sales and current assets have been reported as follows over the last four years: Year 4 Year 3 Year 2 Year 1 Sales................................. $810,000 $720,000 $630,000 $600,000 Cash................................. $ 36,000 $ 30,000 $ 25,000 $ 20,000 Accounts receivable......... 74,000 60,000 59,200 50,000 Inventory......................... 77,800 72,000 90,000 80,000 Prepaid expenses.............. 46,200 38,000 10,800 30,000 Total current assets.......... $234,000 $200,000 $185,000 $180,000 Suppose that Payne Company employs trend percentages to analyze performance with Year 1 as the base year. Sales...