不 Net sales, net income, and total assets for Alex Shipping, Inc., for a five-year period follow: (Click the icon to view the data.) Read the requirements. Requirement 1. Calculate trend percentages for each item for 2018 through 2021. Use 2017 as the base year and round to the nearest percent. Alex Shipping, Inc. - Trend Percentages Net sales Net income Total assets 2021 2020 2019 2018 2017 199 % 161 % 115% 99% 100% 100 % 146 % 100% 123% 34 % 94% 100% 124 % 108 % 100% Requirement 2. Calculate the rate of return on net sales for 2019 through 2021, rounding to the nearest one-tenth percent. Explain what this means. Begin by selecting the rate of return on net sales (return on sales) formula and enter the amounts to calculate the percentages. (Enter amounts in thousands as provided to you in the problem statement. Complete all input fields. Enter "O" for any zero amounts and enter the return on sales amounts as percentages rounded to one-tenth percent, XX%.) ) 2019 2020 2021 ( ( Net income Return on sales 11 3.1 % 32 6.4 % 32 5.2 %

不 Net sales, net income, and total assets for Alex Shipping, Inc., for a five-year period follow: (Click the icon to view the data.) Read the requirements. Requirement 1. Calculate trend percentages for each item for 2018 through 2021. Use 2017 as the base year and round to the nearest percent. Alex Shipping, Inc. - Trend Percentages Net sales Net income Total assets 2021 2020 2019 2018 2017 199 % 161 % 115% 99% 100% 100 % 146 % 100% 123% 34 % 94% 100% 124 % 108 % 100% Requirement 2. Calculate the rate of return on net sales for 2019 through 2021, rounding to the nearest one-tenth percent. Explain what this means. Begin by selecting the rate of return on net sales (return on sales) formula and enter the amounts to calculate the percentages. (Enter amounts in thousands as provided to you in the problem statement. Complete all input fields. Enter "O" for any zero amounts and enter the return on sales amounts as percentages rounded to one-tenth percent, XX%.) ) 2019 2020 2021 ( ( Net income Return on sales 11 3.1 % 32 6.4 % 32 5.2 %

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 40E: Cuneo Companys income statements for the last 3 years are as follows: Refer to the information for...

See similar textbooks

Similar questions

Ratio Analysis Consider the following information taken from the stockholders equity section: How do you interpret the companys payout and profitability performance? Required: 1. Calculate the following for 2020. (Note. Round answers to two decimal places.) 2. CONCEPTUAL CONNECTION Assume 2019 ratios were: and the current year industry averages are: How do you interpret the companys payout and profitability performance?
Data for Lozano Chip Company and its industry averages follow. Calculate the indicated ratios for Lozano. Construct the extended DuPont equation for both Lozano and the industry. Outline Lozano’s strengths and weaknesses as revealed by your analysis. Lozano Chip Company: Balance Sheet as of December 31, 2019 (Thousands of Dollars) Lozano Chip Company: Income Statement for Year Ended December 31, 2019 (Thousands of Dollars)
Juroe Company provided the following income statement for last year: Juroes balance sheet as of December 31 last year showed total liabilities of 10,250,000, total equity of 6,150,000, and total assets of 16,400,000. Required: 1. Calculate the return on sales. (Note: Round the percent to two decimal places.) 2. CONCEPTUAL CONNECTION Briefly explain the meaning of the return on sales ratio, and comment on whether Juroes return on sales ratio appears appropriate.
The Jimenez Corporation’s forecasted 2020 financial statements follow, along with some industry average ratios. Calculate Jimenez’s 2020 forecasted ratios, compare them with the industry average data, and comment briefly on Jimenez’s projected strengths and weaknesses. Jimenez Corporation: Forecasted Balance Sheet as of December 31, 2020 Jimenez Corporation: Forecasted Income Statement for 2020 Jimenez Corporation: Per Share Data for 2020 Notes: aIndustry average ratios have been stable for the past 4 years. bBased on year-end balance sheet figures. cCalculation is based on a 365-day year.
Cuneo Companys income statements for the last 3 years are as follows: Refer to the information for Cuneo Company above. Required: 1. Prepare a common-size income statement for Year 1 by expressing each line item as a percentage of sales revenue. (Note: Round percentages to the nearest tenth of a percent.) 2. Prepare a common-size income statement for Year 2 by expressing each line item as a percentage of sales revenue. (Note: Round percentages to the nearest tenth of a percent.) 3. Prepare a common-size income statement for Year 3 by expressing each line item as a percentage of sales revenue. (Note: Round percentages to the nearest tenth of a percent.)
Cuneo Companys income statements for the last 3 years are as follows: Refer to the information for Cuneo Company above. Required: 1. Prepare a common-size income statement for Year 2 by expressing each line item for Year 2 as a percentage of that same line item from Year 1. (Note: Round percentages to the nearest tenth of a percent.) 2. Prepare a common-size income statement for Year 3 by expressing each line item for Year 3 as a percentage of that same line item from Year 1. (Note: Round percentages to the nearest tenth of a percent.)
Examine the selected data over the 5-year period as shown in the table below for Dumbledore Ltd. Item Sales Cost of sales EBIT Interest NPAT Current assets Total assets current liabilities Total liabilities Equity Gross margin Interest coverage Current ratio 2021 $m 286.41 180.03 51.18 37.07 35.13 43.85 226.18 55.99 98.99 127.19 0.37 1.38 0.78 Year 2020 $m 280.80 166.69 51.08 33.70 35.10 43.20 221.75 53.58 91.66 130.09 0.41 1.52 0.81 2019 $m 275.29 154.35 50.98 30.64 35.06 42.56 217.40 51.27 84.87 132.53 0.44 1.66 0.89 2018 $m 269.89 142.91 50.88 27.85 35.03 41.93 213.13 49.06 78.58 134.56 0.47 1.83 U.OJ 2017 $m 264.60 134.19 49.88 25.32 34.51 41.31 206.93 47.40 74.48 132.44 0.49 1.97 0.87 2016 $m 252.00 126.00 48.90 24.00 34.00 40.70 200.90 45.80 70.60 130.30 0.50 2.04 0.89
Zoobilee Inc. reported the following sales and net income amounts: (in thousands) 2020 2019 2018 2017 9,180 $ 8,990 $ 8,770 $ 8,550 Net income 520 500 460 400 Show Zoobilee's trend percentages for sales and net income. Use 2017 as the base year. Sales.... $ (Round your answers to the nearest percent.) Sales.. Net income.. 2020 % % 2019 % % 2018 % % 2017 100 % 100 %
Compute trend percent for the following accounts using 2018 as the base year. For each of the three accounts, state whether the situation as revealed by the trend percent appears to be favorable or unfavorable. 2022 2021 2020 2019 2018 Sales $282,880 $270,800 $252,600 $234,560 $150,000 Cost of goods sold 128,200 122,080 115,280 106,440 67,000 Accounts receivable 18,100 17,300 16,400 15,200 9,000
Net sales revenue, net income, and common stockholders' equity for Eyesight Mission Corporation, a manufacturer of contact lenses, follow for a four-year period. E (Click the icon to view the net sales revenue, net income, and common equity) Read the requirements. Requirement 1. Compute trend analyses for each item for 2017-2019. Use 2016 as the base year, and round to the nearest whole percent. Begin by computing Eyesight Mission Corporation's trend analysis for net sales revenue, then compute Eyesignt Mission Corporation's trend analysis for net income and finally compute Eyesight Mission Corporation's trend analysis for com 2019 2018 2017 2016 Net Sales Revenue 766,000 708,000 644.000 664,000 Trend Percentages 115 % 107 % 97 % 100 % Net Income 60,000 $4 38,000 $ 36.000 2. 44.000 Trend Percentages 136 % 86 % 82 % 100 % Ending Common Stockholdors' Equity 368,000 352 000 $ 326,000 $ 296,000 Trend Percentages 124 % 119 % 110 100 % % OTI Requirement 2. Compute the rate of return on…
Net sales revenue, net income, and common stockholders' equity for Eyesight Mission Corporation, a manufacturer of contact lenses, follow for a four-year period. E (Click the icon to view the net sales revenue, net income, and common equity) Read the requirements. Requirement 1. Compute trend analyses for each item for 2017 2019 Use 2016 as the base year, and round to the nearest whole percent. Begin by computing Eyesight Mission Corporation's trend analysis for net sales revenue, then compute Eyesight Mission Corporation's trend analysis for net income and finally compute Eyesight Mission Corporation's trend analysis for common stockholders' equity 2019 2018 2017 2016 Net Sales Revenue $4 766,000 $4 708 000 644 000 664,000 Trend Percentages 100 % Requirements 2019 2018 2017 2016 766,000 $ 708,000 $ 644,000 $ 664,000 44,000 Net Sales Revenue $4 Net Income 60,000 38,000 36,000 Ending Common Stockholders' Equity 368,000 352,000 326,000 296,000
The following information pertains to JCU Company. All dollar amounts are in thousands. If JCU is computing trend percentages with 2018 as the base year, what % will 2019 sales be? Sales Gross Margin Net operating income Net income Year 2020 $58,000 $17,500 $3,200 $1,750 2019 $51,000 $15,100 $2,850 $1,400 2018 $47,000 $13,800 $2,100 $1,100