Homework Answers
| 1 | Trend percent for net sales | ||||||||
| Choose Numerator | / | Choose Denominator | |||||||
| Analysis period net sales | / | Base year Net sales | = | Sales | |||||
| 2017 | 625790 | / | 153300 | = | 408 | % | (625790/153300)*100 | ||
| 2016 | 406357 | / | 153300 | = | 265 | % | (406357/153300)*100 | ||
| 2015 | 318711 | / | 153300 | = | 208 | % | (318711/153300)*100 | ||
| 2014 | 214620 | / | 153300 | = | 140 | % | (214620/153300)*100 | ||
| Trend percent for net sales | |||||||||
| Choose Numerator | / | Choose Denominator | |||||||
| Analysis period Cost of goods sold | / | Base year Cost of goods sold | = | Cost of goods sold | |||||
| 2017 | 302929 | / | 73584 | = | 412 | % | (302929/73584)*100 | ||
| 2016 | 196651 | / | 73584 | = | 267 | % | (196651/73584)*100 | ||
| 2015 | 156031 | / | 73584 | = | 212 | % | (156031/73584)*100 | ||
| 2014 | 104518 | / | 73584 | = | 142 | % | (104518/73584)*100 | ||
| Trend percent for net sales | |||||||||
| Choose Numerator | / | Choose Denominator | |||||||
| Analysis period Accounts Receivable | / | Base year Accounts Receivable | = | Accounts Receivable | |||||
| 2017 | 30413 | / | 10455 | = | 291 | % | (30413/10455)*100 | ||
| 2016 | 23772 | / | 10455 | = | 227 | % | (23772/10455)*100 | ||
| 2015 | 21832 | / | 10455 | = | 209 | % | (21832/10455)*100 | ||
| 2014 | 12555 | / | 10455 | = | 120 | % | (12555/10455)*100 | ||
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Exercise 13-3 Computation and analysis of trend percents LO P1 133 points Sales Cost of goods sold Accounts re...
Exercise 13-3 Computation and analysis of trend percents LO P1 Sales Cost of goods sold Accounts...
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:...
Check 2 Exercise 13-4 Common-size percent computation and interpretation LO P2 Express the following comparative income...
Check 2 Exercise 13-4 Common-size percent computation and interpretation LO P2 Express the following comparative income statements in common-size percents. (Round your percentage answers to 1 decimal place.) 133 points GOMEZ CORPORATION Comparative Income Statements eBook For Years Ended December 31, 2017 and 2016 2017 2016 % % Hint S 745,000 Sales 100.0 $695,000 100 0 Cost of goods sold 291,000 404,000 240,800 565,400 41.8 Print Gress profit 179,600 58 2 Operating expenses Net income 130 400 17.7 S 49,200...
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 $...
Exercise 13-3 Computing and interpreting trend percents LO P1 Sales Cost of goods sold Accounts receivable...
Exercise 13-3 Computing and interpreting trend percents LO P1 Sales Cost of goods sold Accounts receivable 2019 2018 2017 2016 2015 $ 718,080 $ 478, 720 $ 384,514 $ 275,637 $ 198,300 347,128 231,436 187,867 133,706 95,184 34,827 27,909 26,378 16,097 13,544 Compute trend percents for the above accounts, using 2015 as the base year. Dok Trend Percent for Net Sales: Choose Denominator: Choose Numerator: int Trend percent % 1 1 % int 2019: 2018: 2017: 2016: % % onces...
Exercise 13-3 Computing and interpreting trend percents LO P1 Sales Cost of goods sold Accounts receivable...
Exercise 13-3 Computing and interpreting trend percents LO P1 Sales Cost of goods sold Accounts receivable 2019 2018 2017 2016 2015 $ 379,480 $ 249,658 $ 205,480 $ 151,088 $ 113,600 199,880 131,372 110,100 80,066 59,072 18,443 14,530 14,034 8,808 7,759 Compute trend percents for the above accounts, using 2015 as the base year. Trend Percent for Net Sales: Choose Denominator: Choose Numerator: Trend percent 1 2019: 2018: 2017: 1 = % % % 2016: % Choose Numerator: Trend Percent...
Exercise 13-3 Computing and interpreting common-size percents LO P1 Sales Cost of goods sold Accounts receivable...
Exercise 13-3 Computing and interpreting common-size percents LO P1 Sales Cost of goods sold Accounts receivable 2019 2018 2017 2016 2015 $ 716,496 $ 477,664 $ 373, 175 $ 261,877 $ 196,900 353,683 235,605 186,256 129, 920 96,481 34,678 27,896 25,488 15,294 13,468 Compute trend percents for the above accounts, using 2015 as the base year. Trend Percent for Net Sales: Choose Numerator: 6 B O 2 ET . Trend percent . 2019: 2018: 2017: 2016: Trend Percent for Cost...
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...
Exercise 13-3 Computing and interpreting trend percents LO P1 Sales Cost of goods sold Accounts receivable...
Exercise 13-3 Computing and interpreting trend percents LO P1 Sales Cost of goods sold Accounts receivable 2019 2018 2017 2016 2015 $ 689,478 $ 447,713 $ 349,776 $ 243,746 $ 181,900 340,294 221,029 174,890 121,136 89,131 33,371 26,236 23,925 14,284 12,478 Compute trend percents for the above accounts, using 2015 as the base year. Trend Percent for Net Sales: 1 Chooso Denominator: Choose Numerator: 11 Trend percent 0 % 2019: 7 2018: 0 % 11 0 % 2017: 2016: 11...
Exercise 13-3 Computation and analysis of trend percents LO P1 Sales $443,487 $291,768 $235,297 $170,505 $126,300...
Exercise 13-3 Computation and analysis of trend percents LO P1
Sales $443,487 $291,768 $235,297 $170,505 $126,300 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 $ 443,487 $ 291,768 $ 235, 297 $ 170,505 $ 126, 300 233,163 153,319 125,704 90,413 65, 676 21,420 17,010 16,071 9,957 8,639 1:52:10 Compute trend percents for the...
Chapter 13 Homework A Saved 3. Exercise 13-7 Liquidity analysis LO P3 Simon Company's year-end balance...
Chapter 13 Homework A Saved 3. Exercise 13-7 Liquidity analysis LO P3 Simon Company's year-end balance sheets follow. 0.29 points At December 31 2015 2017 2016 Assets $ 34,810 $ 4e, 274 $ 41,961 74,840 96,975 11,117 Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net 102,949 126,850 11,668 57,090 62,643 4,805 eBook 325,763 295,794 266,001 $602,040 $519,000 $432,500 Hint Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock,...
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:...
Check 2 Exercise 13-4 Common-size percent computation and interpretation LO P2 Express the following comparative income statements in common-size percents. (Round your percentage answers to 1 decimal place.) 133 points GOMEZ CORPORATION Comparative Income Statements eBook For Years Ended December 31, 2017 and 2016 2017 2016 % % Hint S 745,000 Sales 100.0 $695,000 100 0 Cost of goods sold 291,000 404,000 240,800 565,400 41.8 Print Gress profit 179,600 58 2 Operating expenses Net income 130 400 17.7 S 49,200...
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 $...
Exercise 13-3 Computing and interpreting trend percents LO P1 Sales Cost of goods sold Accounts receivable 2019 2018 2017 2016 2015 $ 718,080 $ 478, 720 $ 384,514 $ 275,637 $ 198,300 347,128 231,436 187,867 133,706 95,184 34,827 27,909 26,378 16,097 13,544 Compute trend percents for the above accounts, using 2015 as the base year. Dok Trend Percent for Net Sales: Choose Denominator: Choose Numerator: int Trend percent % 1 1 % int 2019: 2018: 2017: 2016: % % onces...
Exercise 13-3 Computing and interpreting trend percents LO P1 Sales Cost of goods sold Accounts receivable 2019 2018 2017 2016 2015 $ 379,480 $ 249,658 $ 205,480 $ 151,088 $ 113,600 199,880 131,372 110,100 80,066 59,072 18,443 14,530 14,034 8,808 7,759 Compute trend percents for the above accounts, using 2015 as the base year. Trend Percent for Net Sales: Choose Denominator: Choose Numerator: Trend percent 1 2019: 2018: 2017: 1 = % % % 2016: % Choose Numerator: Trend Percent...
Exercise 13-3 Computing and interpreting common-size percents LO P1 Sales Cost of goods sold Accounts receivable 2019 2018 2017 2016 2015 $ 716,496 $ 477,664 $ 373, 175 $ 261,877 $ 196,900 353,683 235,605 186,256 129, 920 96,481 34,678 27,896 25,488 15,294 13,468 Compute trend percents for the above accounts, using 2015 as the base year. Trend Percent for Net Sales: Choose Numerator: 6 B O 2 ET . Trend percent . 2019: 2018: 2017: 2016: Trend Percent for Cost...
Exercise 13-3 Computing and interpreting trend percents LO P1 Sales Cost of goods sold Accounts receivable 2019 2018 2017 2016 2015 $ 689,478 $ 447,713 $ 349,776 $ 243,746 $ 181,900 340,294 221,029 174,890 121,136 89,131 33,371 26,236 23,925 14,284 12,478 Compute trend percents for the above accounts, using 2015 as the base year. Trend Percent for Net Sales: 1 Chooso Denominator: Choose Numerator: 11 Trend percent 0 % 2019: 7 2018: 0 % 11 0 % 2017: 2016: 11...
Exercise 13-3 Computation and analysis of trend percents LO P1
Sales $443,487 $291,768 $235,297 $170,505 $126,300 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 $ 443,487 $ 291,768 $ 235, 297 $ 170,505 $ 126, 300 233,163 153,319 125,704 90,413 65, 676 21,420 17,010 16,071 9,957 8,639 1:52:10 Compute trend percents for the...
Chapter 13 Homework A Saved 3. Exercise 13-7 Liquidity analysis LO P3 Simon Company's year-end balance sheets follow. 0.29 points At December 31 2015 2017 2016 Assets $ 34,810 $ 4e, 274 $ 41,961 74,840 96,975 11,117 Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net 102,949 126,850 11,668 57,090 62,643 4,805 eBook 325,763 295,794 266,001 $602,040 $519,000 $432,500 Hint Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock,...
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