←!1QQuestion 1- Ch 13 Ex 13-3- Con X +→ CACh 13 Ex 13-3112pointsSkippedezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/activity/q...eBook6→HintAskDPrintDReferencesMcGrawHillType here to search@2W2018:2017:Is the trend percent for Net Sales favorable or unfavorable?2021:2020:2021:2020:2019:2018:2017:Is the trend percent for Cost of Goods Sold favorable or unfavorable?F2#Numerator:3ENumerator:2019:/2018:I2017:1Is the trend percent for Accounts Receivable favorable or unfavorable?F3$481xTrend Percent for Cost of Goods Sold:1Denominator:1/RTrend Percent for Accounts Receivable:Denominator:H111F4%511/16TPrevn OF5^6SavedICEY1 of 1F6wwwPrtScn&v lo=7F7UTrend percentTrend percentNextHome* 008FB1%%%%%%%%%%%%End(953°F SunnyF9OHelpPgUp)0F10Save & E:PChecDPgDr stion 1 Ch 13 Ex 13-3- Con X +1ссezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/activity/q...Ch 13 Ex 13-3 i112points.SkippedeBookBHintAskbPrintReferences.F12Exercise 13-3 (Algo) Computing and analyzing trend percents LO P1SalesCost of goods soldAccounts receivableMcGrawHillType here to search2021:2020:2019:2018:2017:F2#Numerator:2021:12020:12019:112018:2017:1Is the trend percent for Net Sales favorable or unfavorable?3Compute trend percents for the above accounts, using 2017 as the base year. For each of the three accounts, state whether thesituation as revealed by the trend percents appears to be favorable or unfavorable.Numerator:Ⓒwww▶/11F32021$599,194302, 14728,941Et$41xTrend Percent for Net Sales:11HF42020$ 389,087196,34422,684Trend Percent for Cost of Goods Sold:1Denominator:1111Do%5201920182017$ 320,236 $216,376 $159,108163,46821,84010F5SavedDenominator:PrevO<61 of 1109,93812,781F6wwwwwwwww&=PrtScn7=79,55010,930Trend percentF7Trend percentNext >Home8%1%%%%%%%%%FBEnd9Help53°F SunnyF9PgUp0Save & ExitF10CheckPoD

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Trend Analysis - Under Trend Analysis company takes 100% to base year and compare the rest of the…

Business

Accounting

Exercise 13-3 (Algo) Computing and analyzing trend percents LO P1 Sales Cost of goods sold Accounts receivable. 2021 $ 599,194 302,147 28,941 2020 $389,087 196,344 22,684 2019 $ 320,236 163,468 21,840 2018 $216,376 109,938 12,701 2017 $ 159,100 79,550 10,930 Compute trend percents for the above accounts, using 2017 as the base year. For each of the three accounts, state whether the situation as revealed by the trend percents appears to be favorable or unfavorable.

Exercise 13-3 (Algo) Computing and analyzing trend percents LO P1 Sales Cost of goods sold Accounts receivable. 2021 $ 599,194 302,147 28,941 2020 $389,087 196,344 22,684 2019 $ 320,236 163,468 21,840 2018 $216,376 109,938 12,701 2017 $ 159,100 79,550 10,930 Compute trend percents for the above accounts, using 2017 as the base year. For each of the three accounts, state whether the situation as revealed by the trend percents appears to be favorable or unfavorable.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Required Information Problem 12-6B Use ratios to analyze risk and profitability (LO12-3, 12-4) (The following information applies to the questions displayed below.] Income statement and balance sheet data for The Athletic Attic are provided below. THE ATHLETIC ATTIC Incone Statements For the years ended December 31 2022 $12, see, eee 8, 150,eee 4,350,000 2021 Net sales Cost of goods sold Gross profit Expenses: Operating expenses bepreciation expense Interest expense Income tax expense Total expenses $11,0se,000 6,900,000 4,150,000 1,750,eee 200,000 55,000 58e,e00 2,585,000 $ 1,765,000 1,700,000 200, e00 55,000 500,000 2,455,e00 $ 1,695,000 Net incone THE ATHLETIC ATTIC Balance Sheets December 31 2022 2021 2020 Assets Current assets: Cash Accounts receivable Inventory Supplics Long term assets: Equipnent Less: Accumulated depreciation $ 240,000 1,005,000 1,740,000 145,800 170,000 755,000 1,370,000 115,000 234,000 775,00e 1,048,eee 90,000 1,700,000 (75e,00e) 1,700,000 (S5e,000)…
#becausesneaker.... HW CH 17 Vertical Analysis of Income Statement Revenue and expense data for Innovation Quarter Inc. for two recent years are as follows: Current Year Previous Year Sales Cost of merchandise sold Selling expenses Administrative expenses Income tax expense Custom Order Sales Cost of merchandise sold Selling expenses a. Prepare an income statement in comparative form, statin each item for both years as a percent of sales. If required, round percentages to one decimal place. Enter all amounts as positive numbers. Administrative expenses Income tax expense $483,000 280,140 82,110 86,940 14,490 Innovation Quarter Inc. Comparative Income Statement For the Years Ended December 31 Current year Amount $483,000 280,140 82,110 86,940 14,490 percentage points, and administrative expenses net income as a percent of sales Current year Percent % % % % % % $420,000 218,400 79,800 71,400 21,000 % % % Previous year Amount $420,000 218,400 79,800 71,400 21,000 Previous year Percent b.…
Question 18 Given: 2019 Sales $216,259 2020 Sales $290,149 2019 Operating Income = $102,258 2020 Operating Income = $174,701 2019 Net Income = $55,852 2020 Net Income = $83,735 Calculate DOL: (Enter your answer with 2 decimal places)
Sales Cost of goods sold Accounts receivable Numerator: 2021 $ 446,762 225,881 21,623 Numerator: Compute trend percents for the above accounts, using 2017 as the base year. For each of the three accounts, state whether the situation as revealed by the trend percents appears to be favorable or unfavorable. Numerator: 1 1 1 1 1 1 1 2021: 2020: 2019: 2018: 2017: Is the trend percent for Net Sales favorable or unfavorable? 2020 $ 290,105 146,803 16,913 Trend Percent for Net Sales: 2019 $ 232,084 119,092 15,828 2021: 2020: 2019: 2018: 2017: Is the trend percent for Cost of Goods Sold favorable or unfavorable? Trend Percent for Cost of Goods Sold: 1 Denominator: 7 1 1 1 1 1 I 1 Denominator: Trend Percent for Accounts Receivable: Denominator: 1 1 1 1 2021: 2020: 2019: 2018: 2017: Is the trend percent for Accounts Receivable favorable or unfavorable? 2018 $ 167,570 84,885 9,820 = = = = = = = = = = 2017 $ 128,900 64,450 8,804 = Trend percent Trend percent Trend percent % % % % % % % % % % % % %…
TABLE 7.7 Financlal projoctions for Prairie Home Stores, 2016-2021 (figures in millions) 2016 2017 2018 2019 2020 2021 Rapid-Growth Scenario Book valuo, start of year S80 $ 92 $105.8 $121.7 $139.9 $146.9 Earnings 12 13.8 15.9 18.3 21.0 22.0 14 14.7 Dividonds 12 13.8 15.9 18.3 7.0 7.4 Rotainod earnings Book value, and of yoar 92 105.8 121.7 139.9 146.9 154.3 Constant-Growth Scenario Book value, start of year $80 $84 $88.2 $92.6 $ 97.2 $102.1 Earnings 12 12.6 13.2 13.9 14.6 15.3 Dividonds 8. 8.4 8.8 9.3 9.7 10.2 Rotainod earnings 4 4.2 4.4 4.6 4.9 5.1 Book value, end of year 84 88.2 92.6 97.2 102.1 107.2 Notos: 1 Both panels assumo oarnings oqual to 15% of start-of-yoar book valuo. This proftability rato is constant. 2 Tho top panol assumos afl carnings aro reinvosted from 2016 to 2019. In 2020 and lator yoars, two-thirds of oarnings aro paid out as dividends and one-third roinvosted. 3. Tho botlom panel assumos two-thirds of oarnings aro paid out as dividends in all yoars. 4. Columna…
In a common size financial statement, which of the following is given a percentage of 100 percent? Total liabilities Net income Net Sales Cost of goods sold MA MacBook Pro 57 W P # LE