UndoN1612PasteClipboard:3 2017 (in millions)4 Outside sales5 Intersegment sales6 Total sales78 2016 (in millions)9 Outside sales10 Intersegment salesCalibri$BI UPower$ 34,598 $1,39235,990 $L...$Font11ARenewablePower Energy$ 35,465 Ś 9,0221,3301136,795 Ś 9,033DataAReviewSRenewableEnergy10,2116964658510,280 $ 17,230 $ 27,375View Automate Developer HelpוייןABсDEFGHProblem 2 of 2 The following revenue data were taken from the December 31, 2017, General Electric annual report (10-K):AlignmentGeneral$708-00NumberOil & Gas Aviation Healthcare Transportation Lighting$16,584 $ 26,790 $ 19,098 $18$ 19,116 $4,168 $101,956314,178 $ 1,987Oil & Gas Aviation Healthcare Transportation$12,515 $ 25,530 $ 18,276 $3837301526,260 $ 18,291 $$ 12,898 $Lighting4,795284,714 $ 4,8234,713 $111 Total sales1213 For each segment and each year, calculate intersegment sales (another name for transfer sales) as a percentage14 of total sales. Using Microsoft Excel, create a graph to show the 2016 and 2017 percentages for each division.1516171819YAcrobatConditicFormat aCell Style

The percentage of the intersegment sales is the percentage which has been computed on the basis of…

For each segment and each year, calculate intersegment sales (another name for transfer sales) as a percentage of total sales. Using Microsoft Excel, create a graph to show the 2016 and 2017 percentages for each division.

For each segment and each year, calculate intersegment sales (another name for transfer sales) as a percentage of total sales. Using Microsoft Excel, create a graph to show the 2016 and 2017 percentages for each division.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Q: Calculate the returns percentage for the Missy top department for Fall if gross sales are $5,750,000…

A: The returns percentage appears to be a ratio or percentage that displays how many sales products…

Q: Calculate Pina Colada's gross profit percentage and percentage markup on cost for each fiscal year.…

A: 2023 Gross profit= Gross Margin/Sales*100 Gross Margin= $490617 Sales = $1352000 Gross profit %=…

Q: Refer to the following mentioned data. Net sales Cost of products sold Gross margin 2017 2016 2015…

A: Gross profit is the amount of money earned by the entity after deducting the cost of goods sold from…

Q: rofit Margin, Investment Turnover, and ROI Cash Company has income from operations of $55,704,…

A: Solution: Dupont formula is an expression which breaks return on investment into two parts…

Q: Required information Use the following information to determine the prior year and current year…

A: Comparative financial statements are used to compare two or more years to understand the financial…

Q: Comparative income statements for Pearle Company are provided: Required: Perform a horizontal…

A: It is a method of analysis of financial statements. It is the comparison of historical financial…

Q: Vertical analysis of income statement Revenue and expense data for Innovation Quarter Inc. for two…

A: Income statement refers to the statement used for the computation of net profits after deducting…

Q: Bob's Bistro produces party-sized hoagi costs: Direct materials Direct labor Variable overhead Fixed…

A: Answer : Cost of goods manufactured : particular Amount $ Opening Work in process…

Q: Top executive officers of Tildon Company, a merchandising firm, are preparing the next year's…

A: An income statement is a financial report that indicates the revenue and expenses of a business. It…

Q: Exercise 6-13 Inventory turnover and days' sales in inventory LA3 0 Use the following information…

A: The number of times a company sells or uses goods in a certain time period is known as inventory…

Q: a. Present a cost-profit-volume analysis that shows the effect of adding the $8,500 annual premium…

A: Common size statement is prepared by taking the base as an item for the current period and…

Q: Perform a horizontal analysis for the entry "Gross Sales" shown on the income statement portion…

A: An income statement is a record made by the company to determine its earnings in a particular…

Q: Using these data, determine the following: Earnings per share. Round your answer to two decimal…

A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: compute the dupont framework ratios for company A for year three only. the income statement and…

A: Financial ratios are ratios that analyze two or more elements of the financial statement and explain…

Q: For 20Y6, Fishing Experiences Inc. initiated a sales promotion campaign that included the…

A: In the Comparative Income Statement, all the revenues, expenses, and income are written as a percent…

Q: Compare Martinez and Rosado by converting their income statements to common size. Rosado Net…

A: Lets understand the basics.There are two type of analysis are made which are,(1) Verticle…

Q: A condensed income statement for Simultech Corporation and a partially completed vertical a…

A: Each line item on the financial statement is expressed as a percentage of the base amount, which…

Q: Use the following information to determine the Prior Year and Current Year trend percents for net…

A: Formula: Trend Percentage = Current year sales / prior year sales Division of current year sales…

Q: Income statements for Campbell Company for Year 3 and Year 4 follow: CAMPBELL COMPANY Income…

A: Financial statement analysis seems to be a critical business discipline that allows businesses to…

Q: The income statements for Federer Sports Apparel for 2025 and 2024 are presented below. Required:…

A: The income statement shows the financial position of the company whether the business is making a…

Q: Selected data (in thousands) from the statement of income of Pembina Inc. are shown below. Using…

A: To perform a vertical analysis, each line item on the income statement should be expressed as a…

Q: Game-On Sports operates in two distinct segments: athletic equipment and accessories. The income…

A: Vertical analysis is technique used in financial statements, which is defined as the relationship…

Q: Consider the following income statement data from the Ross Company: Current Year Prior Year $962,500…

A: Comparative financial statement means where the difference is taken between the figure of two years…

Q: A condensed income statement for Northeast Airlines and a partially completed vertical analysis are…

A: Income left to an entity after subtracting all the expenses from the revenue earned is called net…

Q: For 20Y2, McDade Company reported a decline in net income. At the end of the year, T. Burrows, the…

A: Horizontal analysis means to compare the financial position of an entity's current year with its…

Q: If August Sundries uses a multi-step income statement format, what is their gross margin?

A: Gross margin is the amount of profit over Sales Revenue by deducting cost of goods sold. Gross…

Q: Given this information, what is the profit percent? Format your answer to two decimal places and…

A: “Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Vertical Analysis 2020 2019 2018 Sales revenue 100.0% 100.0% 100.0% Cost of goods sold 60.0…

A: Net income= Sales revenue- cost of good sold-expense. 2020 2019 2018 Sales 100% 100% 100%…

Q: Consider the following financial data for J. White Industries: Total assets turnover: 2.7 Gross…

A: Financial statements are the reports prepared by the entity for the purpose of depicting the…

Q: Scranton Paper Company generates $.97 in sales for every $1 invested in total assets. Which one of…

A: · Ratio analysis used identify the business performance of the company.· It is used to…

Q: During the current year, Sokowski Manufacturing earned income of $319,026 from total sales of…

A: For the calculation of the return on investment it is important to take into account of the net…

Q: Calculate the missing values for each unique company. (Enter your ROI and Profit Margin percentage…

A: ROI = Profit margin * investment turnover Profit margin = ROI / investment t urnover Investment…

Q: GIVE THE COMPARATIVE INCOME STATEMENT VERTICAL ANALYSIS FROM THE FOLLOWING INCOME STATEMENT BELOW…

A: Vertical analysis is a technique used for financial analysis. It involves expressing each line item…

Q: Below are the unit sales as well as sales revenue for four different brands. Please fill in the…

A: brand unit sales unit market share sales revenue revenue marke share price A 10000 1000020000=50%…

Q: ) Cecil Inc. operates with three divisions: Naperville, Metropolitan and Urbana. Below are selected…

A: Ratio analysis is used by the companies and in accounting to evaluate the performance of the company…

Q: Prepare common size income statements Which company earns more net income? Which companies net…

A: Solution

Q: Following is an incomplete current-year income statement. Determine Net Sales, Cost of goods sold…

A: Computation of the Net sales, cost of goods sold and Net Income are as follows :

Q: Using the income statement information for Omega Corporation that follows, prepare a vertical…

A: Formula: Gross profit = sales - cost of goods sold.

Q: Ratios Compared with Industry Averages Packard Plastics, Inc., manufactures various plastic and…

A: Ratio Analysis: Ratio analysis refers to the analysis of various pieces of financial information in…

Q: A Dubai based company has sales of Aed 5,652,800, Cost of Goods sold of Aed 4,172,860 and Admin and…

A: Cost of goods sold represents the direct cost of purchasing the goods or services. It includes…

Question

Undo
N16
1
2
Paste
Clipboard
:
3 2017 (in millions)
4 Outside sales
5 Intersegment sales
6 Total sales
7
8 2016 (in millions)
9 Outside sales
10 Intersegment sales
Calibri
$
BI U
Power
$ 34,598 $
1,392
35,990 $
L...
$
Font
11
A
Renewable
Power Energy
$ 35,465 Ś 9,022
1,330
11
36,795 Ś 9,033
Data
A
Review
S
Renewable
Energy
10,211
69
646
585
10,280 $ 17,230 $ 27,375
View Automate Developer Help
ויין
A
B
с
D
E
F
G
H
Problem 2 of 2 The following revenue data were taken from the December 31, 2017, General Electric annual report (10-K):
Alignment
General
$
708-00
Number
Oil & Gas Aviation Healthcare Transportation Lighting
$16,584 $ 26,790 $ 19,098 $
18
$ 19,116 $
4,168 $
10
1,956
31
4,178 $ 1,987
Oil & Gas Aviation Healthcare Transportation
$12,515 $ 25,530 $ 18,276 $
383
730
15
26,260 $ 18,291 $
$ 12,898 $
Lighting
4,795
28
4,714 $ 4,823
4,713 $
1
11 Total sales
12
13 For each segment and each year, calculate intersegment sales (another name for transfer sales) as a percentage
14 of total sales. Using Microsoft Excel, create a graph to show the 2016 and 2017 percentages for each division.
15
16
17
18
19
Y
Acrobat
Conditic
Format a
Cell Style

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1: Introduction

VIEW

Step 2: Percentage of Inter-segment sales and graphs

VIEW

Solution

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 3 steps with 2 images

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

Performing horizontal analysis—income statement Data for Mulberry Designs, Inc. follow: Requirements Prepare a horizontal analysis of the comparative income statement of Mulberry Designs, Inc. Round percentage changes to one decimal place. Why did 2018 net income increase by a higher percentage than net sales revenue?
Calculate Swifty's gross profit percentage and percentage markup on cost for each fiscal year. (Round answers to 2 decimal places, eg. 52.75.) Percentage gross profit Percentage markup on cost Fiscal 2023 35.74 % 3.43 % Fiscal 2022 36.13 % 5.67 %
A single-step income statement follows. Present the information in a multistep income statement, and indicate what insights can be obtained from the multistep form as opposed to the single-step form.
Using the attached financial statements attached, ratios need to be calculated for all boxes that are greyed out. Please provide details of how these ratios are calculated.
Complete the comparative income statement and balance sheet for Logic Company. Note: Input all answers as positive values except decrease answers which should be indicated by a minus sign. Round your "percent" answers to the nearest hundredth percent.
The Cullumber Supply Company reported the following information for 2017. Prepare a common-size income statement for the year ended June 30, 2017. (Round answers to 1 decimal place, e.g. 52.7%.) Cullumber Supply CompanyIncome Statement for the Fiscal Year Ended June 30, 2017($ thousands) % of Net Sales Net sales $2,111,000 enter percentages of net sales % Cost of goods sold 1,464,000 enter percentages of net sales % Selling and administrative expenses 312,200 enter percentages of net sales % Nonrecurring expenses 27,600 enter percentages of net sales % Earnings before interest, taxes, depreciation, and amortization (EBITDA) $307,200 enter percentages of net sales % Depreciation 117,000 enter percentages of net sales % Earnings before interest and taxes (EBIT) 190,200 enter percentages of net sales % Interest expense 118,600 enter percentages of net sales % Earnings before taxes (EBT)…
Complete this question by entering your answers in the tabs below. Analysis Analysis Bal Sheet Inc Stmt Prepare a vertical analysis of an income statements for Year 4 and Year 3. (Percentages may not add exactly due to rounding. Round your answers to 2 decimal places. (i.e., .2345 should be entered as 23.45).) Revenues Sales (net) Other revenues Total revenues Expenses Cost of goods sold FANNING COMPANY Vertical Analysis of Income Statements Year 4 Selling, general, and administrative expense Interest expense Income tax expense Total expenses Net income Amount $ 231,900 9,300 241,200 118,800 54,200 6,800 22,800 202,600 $ 38,600 Percentage of Total Analysis Bal Sheet % % Year 3 Amount $ 211,200 6,400 217,600 102,100 49,100 6,000 21,800 179,000 $ Percentage of Total % % 38,600 Analysis Inc Stmt > Show less
In a common-sized income statement, 100% is the a. net cost of goods sold b. gross profit c. sales d. net income
Determine the amount of sales revenue Franklin will report on its first quarter pro forma income statement. (Do not round intermediate calculations. Round final answers to two decimal places.) Sales revenue
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