-Your answer is partially correct. Make a 5-year trend analysis, using 2016 as the base year, of (1) net sales and (2) net income. Comment on the significance of the trend results. (To satisfy this requirement you must access information regarding performance in prior years. This information is provided in the complete annual report available on the company's website) (Round percentages to 0 decimal places, eg 15% and enter amounts in millions) (1) Net sales Trend (2) Net income Trend $ $ 2020 1000 274515 27 57411 26 % % 2019 APPLE INC Trend Analysis of Net Sales and Net Income For the Five Years Ended 2020 260174 21 55256 21 % % $ $ 2018 265595 23 59531 30 % 2017 DODA 229234 48351 % % 2016 215639 0 45687 0 X % Assistance Used

-Your answer is partially correct. Make a 5-year trend analysis, using 2016 as the base year, of (1) net sales and (2) net income. Comment on the significance of the trend results. (To satisfy this requirement you must access information regarding performance in prior years. This information is provided in the complete annual report available on the company's website) (Round percentages to 0 decimal places, eg 15% and enter amounts in millions) (1) Net sales Trend (2) Net income Trend $ $ 2020 1000 274515 27 57411 26 % % 2019 APPLE INC Trend Analysis of Net Sales and Net Income For the Five Years Ended 2020 260174 21 55256 21 % % $ $ 2018 265595 23 59531 30 % 2017 DODA 229234 48351 % % 2016 215639 0 45687 0 X % Assistance Used

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter16: Financial Statement Analysis

Section: Chapter Questions

Problem 1PA

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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…
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Please describe what is meant by “Times Interest Earned.” How is it calculated? Suppose you calculated this ratio for a company for two consecutive years and the results were the following: year 2018 – 24.0 year 2017 – 28.0 Please interpret the results. What conclusions can you draw?
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