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
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...
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 cost of goods
sold using 2016 as the base.
2017
2016
Net sales
$
278,700
$
231,900
Cost of goods sold
151,400
130,090
Operating expenses
54,740
52,740
Net earnings
28,520
20,320
Multiple Choice
36.2% for 2017 and 40.5% for 2016.
54.3% for 2017 and 56.1% for 2016.
65.9% for 2017 and 64.6% for 2016.
116.4% for 2017 and 100.0% for 2016.
120.2% for...
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.
2019
2018
2017
2016
Net Sales Revenue
$ 766,000
$ 708,000
$ 644,000
$664,000
Net Income...
2019
2018
2017
2016
Net Sales Revenue
$ 766,000
$ 708,000
$ 644,000
$664,000
Net Income
60,000
38,000
36,000
44,000
Ending Common Stockholder’s equity
368,000
352,000
326,000
296,000
Net sales revenue, net income, and common stockholders'
equity for EyesightEyesight Mission Corporation, a manufacturer of
contact lenses, follow for a four-year period
Compute trend analyses for each item for 2017—2019.
Use 2016 as the base year, and round to the nearest whole
percent.
Begin by computing Eyesight Mission Corporation's trend
analysis...
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
Refer to the following mentioned data.
(In millions)
2017
2016
2015
Net sales
$
34,110
$...
Refer to the following mentioned data.
(In millions)
2017
2016
2015
Net sales
$
34,110
$
30,196
$
26,986
Cost of products sold
14,428
13,938
13,437
Gross margin
$
19,682
$
16,258
$
13,549
Required:
a. Calculate the gross profit ratio for each of the past
three years. (Round your answers to 2 decimal
places.)
2017 %
2016 %
2015 %
b. Assume that Campbell’s net sales for the first
four months of 2018 totaled $12.83 billion. Calculate an estimated...
Refer to the following mentioned data. (In millions)
Net sales 2017: $ 34,412 2016: $ 30,135...
Refer to the following mentioned data. (In millions)
Net sales 2017: $ 34,412 2016: $ 30,135 2015: $ 26,795
Cost of products sold 2017: 14,613 2016: 13,145 2015: 13,236
Gross margin 2017: $ 19,799 2016: $ 16,990 2015: $ 13,559
Required: a. Calculate the gross profit ratio for each of the
past three years. (Round your answers to 2 decimal places.)
b. Assume that Campbell’s net sales for the
first four months of 2018 totaled $12.19 billion. Calculate an
estimated...
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)
$ ...