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.
2017
2016
2015
2014
2013
Sales
$
517,662
$
336,144
$
275,528
$
190,019
$
138,700...
2017
2016
2015
2014
2013
Sales
$
517,662
$
336,144
$
275,528
$
190,019
$
138,700
Cost of goods
sold
251,028
162,899
135,603
92,409
66,576
Accounts
receivable
25,003
19,564
18,901
11,116
9,473
Compute trend percents for the above accounts, using 2013 as the
base year.
Trend
Percent for Net Sales:
Choose Numerator:
/
Choose Denominator:
/
=
Sales
2017:
/
=
%
2016:
/
=
%
2015:
/
=
%
2014:
/
=
%
Trend
Percent for Cost of Goods...
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...
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...