Question

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.)

Answer 1

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

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