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...
1. Ralph corporation reported the following revenue data:
Year Net revenue (in millions)
2016 $7,100
2017...
1. Ralph corporation reported the following revenue data:
Year Net revenue (in millions)
2016 $7,100
2017 $7,418
2018 $7,128
2019 $7,668
Use 2016 as the base year. The trend percentage in 2019 is close
to
A. 113%
B. 108%
C. 93%
D. 103%
2. Ralph company reported the following data (in millions) for
the past two years:
2019 2018
Net revenue $380 $290
Cost of goods sold $145 $175
Gross profit $235 $115
Operating expense $150 $45
Operating income...
Net income was $500,000 in 2016, $490,000 in 2017, and $520,000
in 2018. What is the...
Net income was $500,000 in 2016, $490,000 in 2017, and $520,000
in 2018. What is the percentage of change from (a) 2016 to 2017,
and (b) from 2017 to 2018? Is the change an increase or a
decrease?
Comparative financial statement data of Manfield, Inc.
follow:
Compute the following ratios for 2018 and
2017:...
Comparative financial statement data of Manfield, Inc.
follow:
Compute the following ratios for 2018 and
2017:
a.
Current ratio
b.
Cash ratio
c.
Times-interest-earned ratio
d.
Inventory turnover
e.
Gross profit percentage
f.
Debt to equity ratio
g.
Rate of return on common stockholders' equity
h.
Earnings per share of common stock
i.
Price/earnings ratio
2.
Decide (a) whether Manfield's ability to pay
debts and to sell inventory improved or deteriorated during 2018
and (b) whether the investment attractiveness of...
sel, Inc. reported net sales revenue of $600,000 in 2018 and
$500,000 in 2019. The company’s...
sel, Inc. reported net sales revenue of $600,000 in 2018 and
$500,000 in 2019. The company’s ending net receivables were
$120,000 during 2017 and $130,000 during 2018. At December 31,
2019, the company had Accounts Receivable of $148,000 and an
unadjusted debit balance in its Allowance for Doubtful Accounts
account of $1,000. The company reported Bad Debt Expense of $6,000
during 2019.
Required:
Determine the net receivables at December 31, 2019.
Calculate the receivables turnover ratio for 2018 and
2019....
FINANCIAL STATEMENT ITEM
2016
2017
2018
Equity
75,895
96,705
110,878
Net income
15,999
20,545
23,475
Assets...
FINANCIAL STATEMENT ITEM
2016
2017
2018
Equity
75,895
96,705
110,878
Net income
15,999
20,545
23,475
Assets
87,905
90,157
94,347
QUESTION 1:
a. Compute the return on equity ratio for each year.
b. Compute the return on assets for each year.
c. Compute the equity multiplier for each year.
d. Compute the average for each ratio.
e. Discuss and interpret each ratio
The following information is for Tide Corporation:
($ 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.
As
Reported Annual Income Statement
Report Date
2018
2017
2016
Scale
Thousands
Thousands
Thousands
Net sales...
As
Reported Annual Income Statement
Report Date
2018
2017
2016
Scale
Thousands
Thousands
Thousands
Net sales
$
71,309,000
$68,619,000
$65,017,000
Cost of sales
$
48,401,000
$45,210,000
$42,553,000
Gross margin
$
22,908,000
$23,409,000
$22,464,000
Selling, general & administrative expense
$
17,413,000
$15,376,000
$15,129,000
Depreciation & amortization
$
1,477,000
$
1,447,000
$
1,489,000
Operating income (loss)
$
4,018,000
$ 6,586,000
$ 5,846,000
Interest income (expense), net
$
(624,000)
$ (633,000)
$ (645,000)
Loss on extinguishment of debt
$
-
$ (464,000)
$ ...
ASSETS
2018
2017
LIABILITIES &n
ASSETS
2018
2017
LIABILITIES
2018
2017
Cash 2,400 900.00
Total Current Liabilities 28,000 13,200
Short Term Invest. 28,000 9,000
Long-term Liabilities 13,900 10,300
Accounts Receivable 7,500 5,200
Total Liabilities 41,900 23,500
Merchandise Inventory 6,900 8,600
Stockholders’ Equity
Other Current Assets 8,000 1,500
Common Stock 11,000 11,000
Total Current Assets 52,800 25,200
Retained Earnings 29,900 19,700
All Other Assets 30,000 29,000
Total Equity 40,900 30,700
Total Assets $82,800 $54,200
Total Liabilities and Equity 82,800 54,200
Different learning Objective MEASURING PROFITABILITY...
LOGIC COMPANY
Comparative Income Statement
For Years Ended December 31, 2016 and 2017
2017
2016
Gross...
LOGIC COMPANY
Comparative Income Statement
For Years Ended December 31, 2016 and 2017
2017
2016
Gross sales
$
19,000
$
15,000
Sales returns and
allowances
1,000
100
Net sales
$
18,000
$
14,900
Cost of merchandise (goods)
sold
12,000
9,000
Gross profit
$
6,000
$
5,900
Operating expenses:
Depreciation
$
700
$
600
Selling and administrative
2,200
2,000
Research
550
500
Miscellaneous
360
300
Total operating expenses
$
3,810
$
3,400
Income before interest and
taxes
$
2,190
$
2,500...