Question

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
Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
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.
The trend analysis report of Doppler Inc. is given below: (In millions) 2017 2016 2015 2014...
The trend analysis report of Doppler Inc. is given below: (In millions) 2017 2016 2015 2014 2013 Net income $650 $602 $456 $403 $398 Trend percentages 163 151 115 101 100 Which of the following is a correct conclusion from the above analysis? A. Net income for the year 2016 is 151% of previous year. B. Net income for the year 2016 is 151% of that for the year 2013. C. Net income for the year 2017 increased by 163%...
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...
Problem 17-2A Ratios, common-size statements, and trend percents LO P1, P2, P3 [The following information applies...
Problem 17-2A Ratios, common-size statements, and trend percents LO P1, P2, P3 [The following information applies to the questions displayed below.] Selected comparative financial statements of Korbin Company follow: KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2017, 2016, and 2015 2017 2016 2015 Sales $505,425 $387,197 $268,700 Cost of goods sold 304,266 243,547 171,968 Gross profit 201,159 143,650 96,732 Selling expenses 71,770 53,433 35,468 Administrative expenses 45,488 34,073 22,302 Total expenses 117,258 87,506 57,770 Income before taxes...
Problem 17-2A Ratios, common-size statements, and trend percents LO P1, P2, P3 [The following information applies...
Problem 17-2A Ratios, common-size statements, and trend percents LO P1, P2, P3 [The following information applies to the questions displayed below.] Selected comparative financial statements of Korbin Company follow: KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2017, 2016, and 2015 2017 2016 2015 Sales $505,425 $387,197 $268,700 Cost of goods sold 304,266 243,547 171,968 Gross profit 201,159 143,650 96,732 Selling expenses 71,770 53,433 35,468 Administrative expenses 45,488 34,073 22,302 Total expenses 117,258 87,506 57,770 Income before taxes...
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​...
please explain what these ratios mean for Target 3. ACTIVITY RATIOS - 2013 2014 2015 2016...
please explain what these ratios mean for Target 3. ACTIVITY RATIOS - 2013 2014 2015 2016 2017 Industry Average Inventory Turnover 9.3 8.2 8.3 8.6 8.4 8.53 Days of Inventory 56 63 63 60 62 60.78 Net Working Capital Turnover 31.10 -59.58 30.89 48.93 -96.79 -9.09 Asset Turnover 1.5 1.6 1.8 1.8 1.9 1.72 Fixed Asset Turnover 239.13% 217.49% 265.83% 282.35% 273.16%. 255.59% Average Collection Period 0.0 6.9 5.6 3.9 3.9 4.06 Accounts Receivable Turnover 5273.50% 6275.22% 8952.37% 8942.99% 7361.02%...
Exercise 13-11 Profitability analysis LO P3 Simon Company’s year-end balance sheets follow. At December 31 2015...
Exercise 13-11 Profitability analysis LO P3 Simon Company’s year-end balance sheets follow. At December 31 2015 2014 2013 Assets Cash $ 31,800 $ 35,625 $ 37,800 Accounts receivable, net 89,500 62,500 50,200 Merchandise Inventory 112,500 82,500 54,000 Prepaid expenses 10,700 9,375 5,000 Plant assets, net 278,500 255,000 230,500 Total assets $ 523,000 $ 445,000 $ 377,500 Liabilities and Equity Accounts payable $ 129,900 $ 75,250 $ 51,250 Long-term notes payable secured by mortgages on plant assets 98,500 101,500 83,500 Common...
Balance Sheet 2016 2015 2014 Cash 50,000 45000 40,000 Accounts receivable 80,000 70000 60,000 Inventories 180,000...
Balance Sheet 2016 2015 2014 Cash 50,000 45000 40,000 Accounts receivable 80,000 70000 60,000 Inventories 180,000 145000 110,000 Plant & equipment 300,000 280000 260,000 Less accumulated depreciation -40,000 -30000 -20,000 Total assets 570,000 510000 450,000 Accounts payable 100,000 125000 150,000 Accrued liabilities 70,000 60000 50,000 Mortgage payable 80,000 40000 60,000 Common stock 130,000 110000 90,000 Retained earnings 190,000 175000 160,000 Total liabilities and equity 570,000 510000 450,000 Income Statement 2014 2015 2016 Net Sales 680,000 600,000 640000 Cost of goods...
Exercise 13-11 Profitability analysis LO P3 Simon Company’s year-end balance sheets follow. At December 31 2017...
Exercise 13-11 Profitability analysis LO P3 Simon Company’s year-end balance sheets follow. At December 31 2017 2016 2015 Assets Cash $ 31,200 $ 34,000 $ 36,300 Accounts receivable, net 89,800 62,100 58,800 Merchandise inventory 88,271 84,200 51,400 Prepaid expenses 10,746 10,491 4,247 Plant assets, net 339,983 294,209 239,253 Total assets $ 560,000 $ 485,000 $ 390,000 Liabilities and Equity Accounts payable $ 136,651 $ 80,326 $ 50,450 Long-term notes payable secured by mortgages on plant assets 102,122 110,434 83,604 Common...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT