Calculating trend analysisMuscateer Corp reported the following revenues and net income amounts:RequirementsCalculate Muscateer’s trend analysis for revenues and net income Use 2016 as the base year and round to the nearest percent.Which measure increased at a higher rate during 2017-2019? (In millions)2019201820162017Revenue$ 9,610$ 9,3556,790$ 9,0505,020$ 8,9504,300Net Income7,290

Requirement 1: Compute the trend in revenue.

Answered: (In millions) 2019 2018 2016 2017…

Business

Accounting

(In millions) 2019 2018 2016 2017 Revenue $ 9,610 $ 9,355 6,790 $ 9,050 5,020 $ 8,950 4,300 Net Income 7,290

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: The trend analysis report of Poplar, Inc. is given below (in millions): 2019 2018 2017 2016 2015…

A: Using recently observed trend data, trend analysis is a technique in technical analysis that aims to…

Q: Based on annual report of company Maxis Berhad from the year 2021, 2022 and 2023. Calculate the…

A: Part 2: Explanation:Step 1: Gather Financial DataFrom the annual reports, gather the necessary…

Q: 3. Prepare a statement of financial position at December 31, 2020. NUCLEAR COMPANY Staternent of…

A: Financial position means where all the assets , liabilities and shareholder's equity has been shown…

Q: Refer to the income statements for The Gap, Inc., presented below. a. Prepare common-size income…

A: Common Size Statement: An income statement in which each item is expressed as a percentage of the…

Q: Using the fiscal year end 2019 annual report for General Mills, Inc. and the figures from the 2017…

A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…

Q: Forecasting an Income Statement ADP reports the following income statement. AUTOMATIC DATA…

A: Income statement is part of financial statements. It includes revenue and expenses of a period.…

Q: Following are financial statement numbers and ratios for Lockheed Martin Corp. for the year ended…

A: Solution:- Projected revenue means the expected revenue for the year after considering all the…

Q: Using the fiscal year end 2020 annual report for General Mills, Inc. and the figures from the 2020…

A: A financial ratio, known as an accounting ratio, is the comparison between two quantitative numbers…

Q: Computing and Interpreting Financial Statement Ratios Following are selected ratios of Norfolk…

A: Ratio analysis means where different ratio of various years of years companies has been compared and…

Q: The trend analysis report of Marswell, Inc. is given below (in millions): 2019 2018 2017 2016 2015…

A: The income statement tells about the profitability of the business for the current period. The trend…

Q: Creek Enterprises Income Statement for the Year Ended December 31, 2022 Sales revenue Less: Cost of…

A: Income Statement: It is a part of financial statement of a company in which revenue and expenses are…

Q: Using the fiscal year end 2020 annual report for General Mills, Inc. and the figures from the 2020…

A: Ratio analysis is a quantitative method of gaining insight into a company's liquidity, operational…

Q: 不 Net sales, net income, and total assets for Alex Shipping, Inc., for a five-year period follow:…

A: Approach to solving the question: Detailed explanation: Summary of Calculations:2019 Net Sales:…

Q: Projecting NOPAT and NOA Using Parsimonious Forecasting Method Following are Logitech's sales, net…

A: Step 1: Calculating NOPAT for 2020To calculate NOPAT for 2020 using the parsimonious forecasting…

Q: Completing a comprehensive financial statement analysis In its annual report, XYZ Athletic Supply,…

Q: Selected comparative financial statements of Zayed Abu Dhabi Corporation follow. Zayed Abu Dhabi…

A: Trend Analysis is one of the most important tools of analysing performance of an enterprise and is…

Q: this would represent an example of what type of analysis:

A: Financial statements: It refers to the end reports prepared by n organization to report the…

Q: Zoobilee Inc. reported the following sales and net income amounts: (in thousands) 2020 2019 2018…

A: Trend analysis Trend analysis is one of the methods of analysis performed on financial statements…

Q: Analyzing Financial Data: Trend Analysis. Presented below is selected financial data for Apple Inc.,…

A: Sales revenue: It is the income generated by an organization from sale of goods or from provision of…

Q: Search online for Tesla’s Annual Report for fiscal year 2020 that ended on December 31, 2020. Answer…

A: Ratios help analyse how the company is performing. They help investors get valuable insights about…

Q: The income statements for Federer Sports Apparel for 2022 and 2021 are presented below. Required:…

A: Horizontal analysis is prepared to calculate the variance from previous year by showing…

Q: Assume this is a partial list of financial highlights from a Best Buy annual report: 2020 2019…

A: Lets understand the basics.Vertical analysis: -vertical analysis on an income statement to…

Q: Compute trend analyses for each item for 2017-2019 Use 2016 as the base year, and round to the…

A: Trend analysis is a technique in which year wise increase or decrease in various items like Sales…

Q: Begin by calculating the gross profit for each year, then prepare a horizontal analysis of revenues…

A: Compute gross profit for year 2019 and 2018 as shown below:

Q: Computing rate of return on total assets Barot’s 2018 financial statements reported the following…

A: Return on total assets = (Net income + Interest expense) / Average total assets where, Average total…

Q: The following information pertains mpany. All dollar amounts are in tho If JCU is computing trend…

A: Here the given table is ,

Q: The trend analysis report of Poplar, Inc. is given below (in millions): Net income Trend percentages…

A: Income statement is referred to as the financial statement which represents the financial…

Q: Discuss what the profitablility ratios reveal about Starbucks financial health, including any…

A: Profitability ratios are used by investors and analyst to analyze the ability of a business to…

Q: Abbott Laboratories’ Consolidated Statements of Earnings for the 3 fiscal year’s ending December 31,…

A: Gross margin (%): 2017: Gross margin=Net sales-cost of products soldNet…

Q: Jones Enterprises reported sales revenue totaling $672,000, $668,000, and $708,000 in the years,…

A: Here in this question we are require to determine trend analysis for the year of 2017. For…

Q: -20Υ8 Return on total assets 24.4% Return on stockholders' equity 50.1% Times interest earned 4.6

Q: Obtain Target Corporation's annual report for its 2018 fiscal year (year ended February 2, 2019) at…

A: 1. Gross margin = Sales - Cost of sales. Gross margin for February 2, 2019 (2018) = 74,433 -…

Q: Calculate the average collection period ratio for Urban Outfitters for both 2018 and 2019. Be sure…

A: Step 1: Calculation of average collection period for 2018.Average collection period for 2018=…

Q: Compute DuPont Analysis Ratios Selected balance sheet and income statement information for Humana…

A: Profitability ratio shows the ability of the company to generate income relative to its revenue,…

Question

Calculating trend analysis

Muscateer Corp reported the following revenues and net income amounts:

Requirements

Calculate Muscateer’s trend analysis for revenues and net income Use 2016 as the base year and round to the nearest percent.
Which measure increased at a higher rate during 2017-2019?

(In millions)
2019
2018
2016
2017
Revenue
$ 9,610
$ 9,355
6,790
$ 9,050
5,020
$ 8,950
4,300
Net Income
7,290

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

VIEW

Step 2

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps with 1 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

Profitability and Asset Management Ratios You are thinking of investing in Nikki T's, Inc. You have only the following information on the firm at year-end 2015: net income is $250,000, total debt is $2.5 million, and debt ratio is 55 percent. What is Nikki T's ROE for 2015?
am. 116.
What is the year-over-year revenue change percent? Use the attached financial data to calculate the ratios for 2022. Round to the nearest decimal. Abercrombie & Fitch Co (ANF) Financial Data Revenues Cost of Sales Total Operating Expenses Interest Expense Income Tax Expense Diluted Weighted Shares Outstanding Cash + Equivalents Accounts Receivable Inventories Total Current Assets Total Assets Accounts Payable Total Current Liabilities Total Stockholders' Equity ANF Stock Price = $10.30 Select one O A. 5.3% B. 14.4% C. -1.4% O D. -3.5% 2022 $3,659.3 $1,545.9 $2,026.9 $28.5 $37.8 52.8 $257.3 $108.5 $742.0 $1,220.4 $2,694.0 $322.1 $935.5 $656.1 2021 $3,712.8 $1,400.8 $1,968.9 $34.1 $38.9 62.6 $823.1 $69.1 $525.9 $1,507.8 $2,939.5 $374.8 $1,015.2 $826.1
Use historic growth in total revenues from 2017 to 2017 to show the total revenue for 2019. Use historic rate of the total cost of revenue to total revenue to show total cost of revenue.
Summary financial information for Gandaulf Company is as follows. Compute the amount and percentage changes in 2022 using horizontal analysis, assuming 2024 is the base year. (Enter negative amounts and percentages using either a negative sign preceding the number e.g. -45,-45% or parentheses e.g. (45), (45%). Round percentages to 2 decimal places, e.g. 1.25%.) Current Assets Dec. 31, 2022 Dec. 31, 2024 $191,100 $210,000 $ Plant Assets 1,058,600 790,000 Total assets $1,249,700 $1,000,000 $ Increase (Decrease) in 2022 Amount Percent % % %
Guinea C. Company is preparing trend percentages for its service fees earned for the period 2013 through 2017. The base year is 2013. The 2016 trend percentage is computed as: Question 23 options: A) 2016 service fees earned divided by 2012 service fees earned B) 2015 service fees earned divided by 2016 service fees earned C) 2016 service fees earned divided by 2013 service fees earned D) 2013 service fees earned divided by 2016 service fees earned
Following are forecasts of Illinois Tool Works Inc. sales, net operating profit after tax (NOPAT), and net operating assets (NOA) as of December 31, 2018. Note: Complete the entire question in Excel and format each answer to two decimal places. Then enter the answers into the provided spaces below with two decimal places. Reported Forecast Horizon Period $ millions 2018 2019 2020 2021 2022 Sales $14,030 $14,871 $15,763 $16,710 $17,712 NOPAT NOA Terminal Period $18,066 2,711 2,880 3,053 3,236 3,430 8,989 9,527 10,099 10,705 11,347 3,499 11,574 Answer the following requirements with the following assumptions: Assumptions Terminal period growth rate Discount rate (WACC) 2% 7.35% Common shares outstanding 328.1 million Net nonoperating obligations (NNO) $5,894 million (a) Estimate the value of a share of ITW's common stock using the residual operating income model (ROPI) model as of December 31, 2018. Forecast Horizon ($ millions) Reported 2018 Terminal 2019 2020 2021 2022 Period ROPI…
- What are the firm’s current ratios for 2018 and 2019?
Please help me with show all calculation thanku
Please I need fast answer please use math tools and no plagiarism i request plz
Perform a liquidity and profitability analysis on your company utilizing the ratios listed below. Quick Ratio, Receivable Turnover, Days sales uncollected, inventory turnover, Days inventory on hand, payable turnover, days payable, asset turnover, return on assets, and return on equity. statement of operations 12 Months Ended Jul. 31, 2020 Jul. 31, 2019 Revenues: Revenues $ 1,497,826,000 $ 1,684,392,000 Costs and expenses: Operating expense - personnel, vehicle, plant and other 493,055,000 468,868,000 Operating expense - equipment lease expense 33,017,000 Equipment lease expense, preadoption 33,073,000 Depreciation and amortization expense 80,481,000 78,846,000 General and administrative expense 45,752,000 59,994,000 Non-cash employee stock ownership plan compensation charge 2,871,000 5,693,000 Asset impairments 0 0 Loss on asset sales and disposals 7,924,000 10,968,000 Operating income 148,670,000 113,028,000 Interest expense…
By what percentage did Mydeco's revenues grow each year from 2016 to 2019? (Round to two decimal places.) By what percentage did net income grow each year? (Round to two decimal places.) Why might the growth rates of revenues and net income differ? (Round to two decimal places.)