2019
2018
2017
2016
2015
Sales
$
442,210
$
285,297
$
222,021
$
153,648
$
116,400...
2019
2018
2017
2016
2015
Sales
$
442,210
$
285,297
$
222,021
$
153,648
$
116,400
Cost of goods sold
223,505
144,349
114,161
78,174
58,200
Accounts receivable
21,359
16,718
15,231
8,942
7,950
Compute trend percents for the above accounts, using 2015 as the
base year.
Trend Percent for Net Sales:
Choose Numerator:
/
Choose Denominator:
/
=
Trend percent
2019:
/
=
%
2018:
/
=
%
2017:
/
=
%
2016:
/
=
%
Trend Percent for Cost of...
2018
2017
2016
2015
2014
Sales
$
282,880
$
270,800
$
252,600
$
234,560
$
150,000...
2018
2017
2016
2015
2014
Sales
$
282,880
$
270,800
$
252,600
$
234,560
$
150,000
Cost of goods sold
128,200
122,080
115,280
106,440
67,000
Accounts receivable
18,100
17,300
16,400
15,200
9,000
Compute trend percents for the above accounts, using 2014 as the
base year.
Computation and analysis of trend percents LO P1
2017
2016
2015
2014
2013
Sales
$
282,880...
Computation and analysis of trend percents LO P1
2017
2016
2015
2014
2013
Sales
$
282,880
$
270,800
$
252,600
$
234,560
$
150,000
Cost of goods sold
128,200
122,080
115,280
106,440
67,000
Accounts receivable
18,100
17,300
16,400
15,200
9,000
The following information is for Tide Corporation:
($ thousands)
2017
2016
Net sales
$
438,060
$...
The following information is for Tide Corporation:
($ thousands)
2017
2016
Net sales
$
438,060
$
298,000
Cost of goods sold
214,649
88,208
Determine the 2016 and 2017 trend percents for net sales using
2016 as the base year.
Simon Company’s year-end balance sheets follow.
At December 31
2017
2016
2015
Assets
Cash
$
32,096...
Simon Company’s year-end balance sheets follow.
At December 31
2017
2016
2015
Assets
Cash
$
32,096
$
37,517
$
38,306
Accounts receivable, net
89,700
62,100
54,700
Merchandise inventory
115,000
83,500
54,000
Prepaid expenses
10,336
9,848
4,256
Plant assets, net
291,476
271,352
231,838
Total assets
$
538,608
$
464,317
$
383,100
Liabilities and Equity
Accounts payable
$
135,455
$
79,254
$
51,075
Long-term notes payable secured by
mortgages on plant assets
102,271
107,861
85,512
Common stock, $10 par value
162,500
162,500...
The following is information for Palmer Co. 2016 2015 2014 Cost
of goods sold $643,825 $426,650...
The following is information for Palmer Co. 2016 2015 2014 Cost
of goods sold $643,825 $426,650 $391,300 Ending inventory 97,400
87,750 92,500 Required: Use the above information to compute
inventory turnover for 2016 and 2015, and its days' sales in
inventory at December 31, 2016 and 2015.
(a) Use the above information to
compute inventory turnover for 2015, and its days' sales in
inventory at December 31, 2015.
Numerator
/
Denominator
=
Ratio
Inventory turnover
$426,650
/
$90,125
=
4.7...
2014
2015
2016
2017
2018
Sales—Net
4349
5,234
7,937
11,651
18,457
Receivables-Total
621
809
1,063
1,332...
2014
2015
2016
2017
2018
Sales—Net
4349
5,234
7,937
11,651
18,457
Receivables-Total
621
809
1,063
1,332
2,204
Acounts payable
436
683
705
1,600
2,465
Inventories--Total
327
457
635
379
352
Historical data for the firm's sales, accounts receivable,
inventories, and accounts payable for the Crimson Mfg. Company
follow:
LOADING...
.a. Calculate Crimson's days of sales outstanding, days of
payables outstanding, and days of sales in inventory for each of
the 5 years.
(Assume
a 365-day year.
Hint:
Assume that the...
The following information is from the annual financial
statements of Raheem Company. 2017 2016 2015 Net...
The following information is from the annual financial
statements of Raheem Company. 2017 2016 2015 Net sales $ 422,000 $
353,000 $ 407,000 Accounts receivable, net (year-end) 21,500 19,300
16,000 Compute its accounts receivable turnover for 2016 and
2017.
Use the following selected information from Wheeler, LLC to
determine the 2017 and 2016 trend percentages...
Use the following selected information from Wheeler, LLC to
determine the 2017 and 2016 trend percentages for net sales using
2016 as the base.
2017 2016
Net sales$281,700 $232,500
Cost of goods sold 150,800 130,690
Operating expenses 54,140 52,140
Net earnings 29,120 20,920