Compute the annual dollar changes and percent changes for each of the following accounts. (Decreases...
Compute the annual dollar changes and percent changes for each of the following accounts. (Decreases should be indicated with a minus sign. Round percent change to one decimal place.)
| 2017 | 2016 | |||||||
| Short-term investments | $ | 379,115 | $ | 238,413 | ||||
| Accounts receivable | 101,380 | 105,474 | ||||||
| Notes payable | 0 | 93,207 | ||||||
|
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Homework Answers
--Requirement
| Horizontal Analysis - Calculation of Percent Change | |||||
| Choose Numerator: | / | Choose Denominator: | |||
| Percent Change = | Dollar Change [2017 amount - 2016 amount] | / | 2016 Amount | ||
| 2017 | 2016 | Dollar Change | Percent Change | ||
| Short-term investments | $379,115 | $238,413 | $140,702 | 59.0% | % |
| Accounts receivable | $101,380 | $105,474 | ($4,094) | -3.9% | % |
| Notes payable | $0 | $93,207 | ($93,207) | -100.0% | % |
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Compute the annual dollar changes and percent changes for each
of the following accounts. (Decreases...
tudy Exercises Part 1 QS 13-3 Horizontal analysis LO P1 Compute the annual dollar changes and...
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QS 13-3 Horizontal analysis LO P1 Compute the annual dollar changes and percent changes for each of the following accounts. (Decreases should be indicated with a minus sign. Round percent change to one decimal place.) Short-term investments Accounts receivable Notes payable Current Year $ 380, 834 103, 020 Prior Year $ 240, 061 106, 337 94, 802 Horizontal Analysis - Calculation of Percent Change Choose Numerator: Choose Denominator: Percent Change = Current Year D ollar Change Percent Change $ Short-term...
QS 13-3 Horizontal analysis LO P1 Compute the annual dollar changes and percent changes for each of the following accounts. (Round percent change to one decimal place.) Short-term investments Accounts receivable Notes payable 2015 $377,232 99,828 O 2014 $236,026 103,326 90,624 Horizontal Analysis - Calculation of Percent Change ose Numerator: I Choose Denominator: Percent Change = Current Year minus Base Year Change = Current Year minus Base Year Base Year Amount 2015 2014 Dollar Change Short-term investments | $ 377,232...
Problem 13-4A Calculation of financial statement ratios LO P3 Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit: selected balance sheet amounts at December 31, 2016, were inventory, $50,900; total assets, $249,400; common stock. $90,000; and retained earnings, $43,304.) OK CABOT CORPORATION Income Statement For Year Ended December 31, 2017 Sales $ 451,600 Cost of goods sold 298,050 Gross profit 153,550 Operating expenses 99,000 Interest expense 3.900 Income before taxes 50,650 Income taxes 20,404 Net income...
$ Sales Cost of goods sold Accounts receivable 2019 608, 823 $ 312, 950 29, 589 2018 392, 789 $ 201, 922 22, 978 2017 2016 2015 316,765 $ 231, 215 $ 176,500 165, 000 119, 370 90, 015 21, 730 13, 549 12, 090 Compute trend percents for the above accounts, using 2015 as the base year Answer is not complete. Choose Numerator: Analysis period net sales Trend Percent for Net Sales: 1 Choose Denominator: Base year net sales...
Exercise 13-3 Computation and analysis of trend percents LO P1 Sales Cost of goods sold Accounts receivable 2017 2016 2015 2014 2013 $ 671,646 $ 436,134 $ 353, 145 $ 237, 010 $ 173,000 324,840 210,944 172,710 115,565 83,040 32,642 25, 601 24,190 13,841 11,868 Compute trend percents for the above accounts, using 2013 as the base year. Trend Percent for Net Sales: 1 Choose Denominator: Choose Numerator: Sales 2017: 2016: 2015: 2014: Trend Percent for Cost of Goods Sold:...
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...
Exercise 17-8 Liquidity analysis and interpretation LO P3 [The following information applies to the questions displayed below.j Simon Company's year-end balance sheets follovw At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets 2017 $ 31,800 35,625 $37,800 50,200 54,000 5,000 278, 500 255,000 230,500 $523,000 $445,000 377,500 89,500 62,500 112,500 82,500 9,375 10,700 Liabilities and Equity Accounts payable Long-term notes payable secured by $129,900 75,250 $ 51,250 mortgages on plant assets Common...
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