Question

# 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 \$85 \$70

In a vertical analysis of 2019, the operating expense percentage is closest to

A. 39%

B. 333%

C. 22%

D. 253%

3. Incredible Industries began 2018 with accounts​ receivable, inventory, and prepaid expenses totaling \$ 48,000 and its total current liabilities totaling\$ 39,000.At the end of the​ year, these same current assets totaled \$49,000​, while its total current liabilities totaled \$50,000. Net income for the year was \$89,000. Included in net income were a 6,000 loss on the sale of land and depreciation expense of\$5,000.

Show how Incredible should report cash flows from operating activities for 2018.The company uses the indirect method. ​(Use parentheses or a minus sign for numbers to be subtracted and for a net decrease in​ cash.)

 Solution-1 Net Revenue ( base Year), 2016 7100 Net Revenue ( 2019) 7668 Trend Percentage (7668/7100X100) 108% Correct Answer: B :- 108%
 Solution-2 2019 net Revenue 380.00 Opeerating Expense 150.00 Operating Expense percentage ( 150/380) 39% Correct Answer: A :- 39%
 Solution-3 Cash Flow From Operating Activities Net income 89,000.00 Loss on Sale of Land 6,000.00 Increase in Current Asset -1,000.00 increase in Current liabilities 11,000.00 net Cash Flow from operating activities 1,05,000.00

Kindly mark with positive rating

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