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find the percentage change

find the percentage change

FINANCIAL ACCOUNTING
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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find the percentage change 

D K Magnum Industries Income Statement as of 12/31/XX New Common Percentage Common Percentage Common Year X1 Size Change Year X2 Size Change Year X3 Size Select the Sales button. 263.00 1.00 0.21 317.00 0.61 420.00 0.7 COGS 150.00 0.57 0.28 192.00 0.67 294.00 0.428571 Sr Gross Margin Expenses 113.00 0.43 0.13 128.00 0.58 126.00 0.666667 67.00 0.25 0.10 74.00 0.27 84.00 0.297619 Ina Depreciation 9.00 0.03 1.22 20.00 1.70 25.00 0.68 ho EBIT 37.00 0.14 -0.08 34.00 0.36 17.00 0.882353 & : Wi OInterest 6.00 0.02 12.20 1.79 15.00 0.133333 EBT 31.00 0.12 21.80 0.40 2.00 0.4 Tr е Таx (40%) 3 Net Income Cardin Controls (000s) 5 Balance Sheet as of 12/31/xx 5Assets - Cash 12.40 0.05 8.72 1.50 0.80 1.5 18.60 0.07 13.08 0.00 1.20 X2-X1 X3-X2 Year X1 Year X2 Change Year X3 Change Analysis 18.00 1.00 -17.00 S 5.40 4.40 U 8 AR 33.00 42.00 9.00 U 62.00 20.00 U e Inventory O Current Assets 1 Land Buildings and Equip. 2 Acc. Depreciation 58.00 89.00 31.00 U 117.00 28.00 U 109.00 132.00 23.00 U 184.40 52.40 U 180.00 252.00 72.00 U 287.00 35.00 U -56.00 -76.00 -20.00 U -101.00 -25.00 U Net 124.00 176.00 52.00 U 186.00 10.00 U - Total Assets 5 Liabilities and Equity 233.00 308.00 75.00 U 370.40 62.40 U 5 АР 21.00 44.00 23.00 S 48.00 4.00 S - Notes Payable 3 Current Liabilities e Capital 34.00 94.00 60.00 S 90.00 -4.00 U 55.00 138.00 83.00 S 138.00 0.00 S LTD 65.50 44.42 -13.08 U 105.62 61.20 S Common Stock 63.00 63.00 0.00 63.00 0.00 Retained Earnings 49.50 62.58 13.08 S 63.78 1.20 S 3 Total Liabilities and Equity 308.00 233.00 83.00 S 370.40 62.40 S 5 Ratios 5 Current Industry Year X1 Year X2 Year X3 1.8 times 1.98 0.956522 1.336232 -Quick 0.7 times 0.93 131.3551 183.5522 B ACP 37 days 45.17 48.35962 53.88095
Transcribed Image Text:D K Magnum Industries Income Statement as of 12/31/XX New Common Percentage Common Percentage Common Year X1 Size Change Year X2 Size Change Year X3 Size Select the Sales button. 263.00 1.00 0.21 317.00 0.61 420.00 0.7 COGS 150.00 0.57 0.28 192.00 0.67 294.00 0.428571 Sr Gross Margin Expenses 113.00 0.43 0.13 128.00 0.58 126.00 0.666667 67.00 0.25 0.10 74.00 0.27 84.00 0.297619 Ina Depreciation 9.00 0.03 1.22 20.00 1.70 25.00 0.68 ho EBIT 37.00 0.14 -0.08 34.00 0.36 17.00 0.882353 & : Wi OInterest 6.00 0.02 12.20 1.79 15.00 0.133333 EBT 31.00 0.12 21.80 0.40 2.00 0.4 Tr е Таx (40%) 3 Net Income Cardin Controls (000s) 5 Balance Sheet as of 12/31/xx 5Assets - Cash 12.40 0.05 8.72 1.50 0.80 1.5 18.60 0.07 13.08 0.00 1.20 X2-X1 X3-X2 Year X1 Year X2 Change Year X3 Change Analysis 18.00 1.00 -17.00 S 5.40 4.40 U 8 AR 33.00 42.00 9.00 U 62.00 20.00 U e Inventory O Current Assets 1 Land Buildings and Equip. 2 Acc. Depreciation 58.00 89.00 31.00 U 117.00 28.00 U 109.00 132.00 23.00 U 184.40 52.40 U 180.00 252.00 72.00 U 287.00 35.00 U -56.00 -76.00 -20.00 U -101.00 -25.00 U Net 124.00 176.00 52.00 U 186.00 10.00 U - Total Assets 5 Liabilities and Equity 233.00 308.00 75.00 U 370.40 62.40 U 5 АР 21.00 44.00 23.00 S 48.00 4.00 S - Notes Payable 3 Current Liabilities e Capital 34.00 94.00 60.00 S 90.00 -4.00 U 55.00 138.00 83.00 S 138.00 0.00 S LTD 65.50 44.42 -13.08 U 105.62 61.20 S Common Stock 63.00 63.00 0.00 63.00 0.00 Retained Earnings 49.50 62.58 13.08 S 63.78 1.20 S 3 Total Liabilities and Equity 308.00 233.00 83.00 S 370.40 62.40 S 5 Ratios 5 Current Industry Year X1 Year X2 Year X3 1.8 times 1.98 0.956522 1.336232 -Quick 0.7 times 0.93 131.3551 183.5522 B ACP 37 days 45.17 48.35962 53.88095
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Relative change is an expression to compare two quantities by considering two account sizes of things and amounts being compared. The comparison is expressed in percentage or in ratio.

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