Homework Answers
| 1 | Trend percent for net sales | ||||||||
| Choose Numerator | / | Choose Denominator | |||||||
| Analysis period net sales | / | Base year Net sales | = | Sales | |||||
| 2017 | 625790 | / | 153300 | = | 408 | % | (625790/153300)*100 | ||
| 2016 | 406357 | / | 153300 | = | 265 | % | (406357/153300)*100 | ||
| 2015 | 318711 | / | 153300 | = | 208 | % | (318711/153300)*100 | ||
| 2014 | 214620 | / | 153300 | = | 140 | % | (214620/153300)*100 | ||
| Trend percent for net sales | |||||||||
| Choose Numerator | / | Choose Denominator | |||||||
| Analysis period Cost of goods sold | / | Base year Cost of goods sold | = | Cost of goods sold | |||||
| 2017 | 302929 | / | 73584 | = | 412 | % | (302929/73584)*100 | ||
| 2016 | 196651 | / | 73584 | = | 267 | % | (196651/73584)*100 | ||
| 2015 | 156031 | / | 73584 | = | 212 | % | (156031/73584)*100 | ||
| 2014 | 104518 | / | 73584 | = | 142 | % | (104518/73584)*100 | ||
| Trend percent for net sales | |||||||||
| Choose Numerator | / | Choose Denominator | |||||||
| Analysis period Accounts Receivable | / | Base year Accounts Receivable | = | Accounts Receivable | |||||
| 2017 | 30413 | / | 10455 | = | 291 | % | (30413/10455)*100 | ||
| 2016 | 23772 | / | 10455 | = | 227 | % | (23772/10455)*100 | ||
| 2015 | 21832 | / | 10455 | = | 209 | % | (21832/10455)*100 | ||
| 2014 | 12555 | / | 10455 | = | 120 | % | (12555/10455)*100 | ||
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Exercise 13-3 Computation and analysis of trend percents LO P1 133 points Sales Cost of goods sold Accounts re...
Exercise 13-3 Computation and analysis of trend percents LO P1 Sales Cost of goods sold Accounts...
Exercise 13-3 Computation and analysis of trend percents LO P1 Sales Cost of goods sold Accounts receivable 2017 2016 2015 2014 2013 $ 671,646 $ 436,134 $ 353, 145 $ 237, 010 $ 173,000 324,840 210,944 172,710 115,565 83,040 32,642 25, 601 24,190 13,841 11,868 Compute trend percents for the above accounts, using 2013 as the base year. Trend Percent for Net Sales: 1 Choose Denominator: Choose Numerator: Sales 2017: 2016: 2015: 2014: Trend Percent for Cost of Goods Sold:...
Check 2 Exercise 13-4 Common-size percent computation and interpretation LO P2 Express the following comparative income...
Check 2 Exercise 13-4 Common-size percent computation and interpretation LO P2 Express the following comparative income statements in common-size percents. (Round your percentage answers to 1 decimal place.) 133 points GOMEZ CORPORATION Comparative Income Statements eBook For Years Ended December 31, 2017 and 2016 2017 2016 % % Hint S 745,000 Sales 100.0 $695,000 100 0 Cost of goods sold 291,000 404,000 240,800 565,400 41.8 Print Gress profit 179,600 58 2 Operating expenses Net income 130 400 17.7 S 49,200...
Exercise 13-7 Liquidity analysis LO P3 Simon Company's year-end balance sheets follow. 2017 2016 2015 At...
Exercise 13-7 Liquidity analysis LO P3 Simon Company's year-end balance sheets follow. 2017 2016 2015 At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 31, 396 $ 35,274 $ 36, 744 86,579 61,730 49,982 108,856 83,219 51,639 9,816 9,634 4,248 279,995 255,524 232,287 $ 516,642 $...
Chapter 13 Homework A Saved 3. Exercise 13-7 Liquidity analysis LO P3 Simon Company's year-end balance...
Chapter 13 Homework A Saved 3. Exercise 13-7 Liquidity analysis LO P3 Simon Company's year-end balance sheets follow. 0.29 points At December 31 2015 2017 2016 Assets $ 34,810 $ 4e, 274 $ 41,961 74,840 96,975 11,117 Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net 102,949 126,850 11,668 57,090 62,643 4,805 eBook 325,763 295,794 266,001 $602,040 $519,000 $432,500 Hint Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock,...
requirea information Exercise 13-9 Risk and capital structure analysis LO P3 The following information applies t...
requirea information Exercise 13-9 Risk and capital structure analysis LO P3 The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow. 2017 2016 2015 At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 26,279 $ 30,410 $ 31,367 75,402 52,681 40,580...
Simon Company's year-end balance sheets follow. 2017 2016 2015 $ At December 31 Assets Cash Accounts...
Simon Company's year-end balance sheets follow. 2017 2016 2015 $ At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Longtern notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity 28,5315 33,684 $ 33,705 81,039 57, 196 46, 315 180,851 78,665 50, 317 8,912 8,579 3,745 264,248 238,756 213,318 $ 483,581 $ 416,880 $ 347,400 $ 119,208 $...
At December 31 2017 2016 2015 Assets Cash $ 33,338 $ 40,138 $38,236 Accounts receivable, net...
At December 31 2017 2016 2015 Assets Cash $ 33,338 $ 40,138 $38,236 Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net 93,724 125,129 10,521 68,195 91,016 10,127 277,632 53,582 55,403 4,422 242,457 $565,045 $487,108 394,100 302,333 Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings $140,696 $ 82,321 50,461 112,035 162,500 130,252 $565,045 $487,108 394,100 109,415 162,500 152,434 85,354 162,500 95,785 Total liabilities and...
Simon Company's year-end balance sheets follow. 2017 2016 2015 At December 31 Assets Cash Accounts receivable,...
Simon Company's year-end balance sheets follow. 2017 2016 2015 At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 26,1225 30,846 $ 34,119 79,574 53,981 44,167 97,135 70,612 47,513 8,498 8,261 3,791 240,461 225, 274 205,010 $ 451,799 $ 389,474 $ 334,600 $ 114,746 $ 65,821 $...
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 $ 31,400 $ 34,700 $ 36,200 Accounts receivable, net 88,500 64,200 58,600 Merchandise inventory 107,339 84,200 50,300 Prepaid expenses 11,047 9,166 3,628 Plant assets, net 331,714 257,734 191,272 Total assets $ 570,000 $ 450,000 $ 340,000 Liabilities and Equity Accounts payable $ 143,349 $ 76,050 $ 44,880 Long-term notes payable secured by mortgages on plant assets 106,088 105,570 73,637 Common...
Exercise 13-3 Computing and interpreting trend percents LO P1 Sales Cost of goods sold Accounts receivable...
Exercise 13-3 Computing and interpreting trend percents LO P1 Sales Cost of goods sold Accounts receivable 2019 2018 2017 2016 2015 $ 718,080 $ 478, 720 $ 384,514 $ 275,637 $ 198,300 347,128 231,436 187,867 133,706 95,184 34,827 27,909 26,378 16,097 13,544 Compute trend percents for the above accounts, using 2015 as the base year. Dok Trend Percent for Net Sales: Choose Denominator: Choose Numerator: int Trend percent % 1 1 % int 2019: 2018: 2017: 2016: % % onces...
Exercise 13-3 Computation and analysis of trend percents LO P1 Sales Cost of goods sold Accounts receivable 2017 2016 2015 2014 2013 $ 671,646 $ 436,134 $ 353, 145 $ 237, 010 $ 173,000 324,840 210,944 172,710 115,565 83,040 32,642 25, 601 24,190 13,841 11,868 Compute trend percents for the above accounts, using 2013 as the base year. Trend Percent for Net Sales: 1 Choose Denominator: Choose Numerator: Sales 2017: 2016: 2015: 2014: Trend Percent for Cost of Goods Sold:...
Check 2 Exercise 13-4 Common-size percent computation and interpretation LO P2 Express the following comparative income statements in common-size percents. (Round your percentage answers to 1 decimal place.) 133 points GOMEZ CORPORATION Comparative Income Statements eBook For Years Ended December 31, 2017 and 2016 2017 2016 % % Hint S 745,000 Sales 100.0 $695,000 100 0 Cost of goods sold 291,000 404,000 240,800 565,400 41.8 Print Gress profit 179,600 58 2 Operating expenses Net income 130 400 17.7 S 49,200...
Exercise 13-7 Liquidity analysis LO P3 Simon Company's year-end balance sheets follow. 2017 2016 2015 At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 31, 396 $ 35,274 $ 36, 744 86,579 61,730 49,982 108,856 83,219 51,639 9,816 9,634 4,248 279,995 255,524 232,287 $ 516,642 $...
Chapter 13 Homework A Saved 3. Exercise 13-7 Liquidity analysis LO P3 Simon Company's year-end balance sheets follow. 0.29 points At December 31 2015 2017 2016 Assets $ 34,810 $ 4e, 274 $ 41,961 74,840 96,975 11,117 Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net 102,949 126,850 11,668 57,090 62,643 4,805 eBook 325,763 295,794 266,001 $602,040 $519,000 $432,500 Hint Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock,...
requirea information Exercise 13-9 Risk and capital structure analysis LO P3 The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow. 2017 2016 2015 At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 26,279 $ 30,410 $ 31,367 75,402 52,681 40,580...
Simon Company's year-end balance sheets follow. 2017 2016 2015 $ At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Longtern notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity 28,5315 33,684 $ 33,705 81,039 57, 196 46, 315 180,851 78,665 50, 317 8,912 8,579 3,745 264,248 238,756 213,318 $ 483,581 $ 416,880 $ 347,400 $ 119,208 $...
At December 31 2017 2016 2015 Assets Cash $ 33,338 $ 40,138 $38,236 Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net 93,724 125,129 10,521 68,195 91,016 10,127 277,632 53,582 55,403 4,422 242,457 $565,045 $487,108 394,100 302,333 Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings $140,696 $ 82,321 50,461 112,035 162,500 130,252 $565,045 $487,108 394,100 109,415 162,500 152,434 85,354 162,500 95,785 Total liabilities and...
Simon Company's year-end balance sheets follow. 2017 2016 2015 At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 26,1225 30,846 $ 34,119 79,574 53,981 44,167 97,135 70,612 47,513 8,498 8,261 3,791 240,461 225, 274 205,010 $ 451,799 $ 389,474 $ 334,600 $ 114,746 $ 65,821 $...
Exercise 13-3 Computing and interpreting trend percents LO P1 Sales Cost of goods sold Accounts receivable 2019 2018 2017 2016 2015 $ 718,080 $ 478, 720 $ 384,514 $ 275,637 $ 198,300 347,128 231,436 187,867 133,706 95,184 34,827 27,909 26,378 16,097 13,544 Compute trend percents for the above accounts, using 2015 as the base year. Dok Trend Percent for Net Sales: Choose Denominator: Choose Numerator: int Trend percent % 1 1 % int 2019: 2018: 2017: 2016: % % onces...
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