-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

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

a) Prepare a projected income statement for the year to 31 October Year 8. b) Calculate for Year 7 and Year 8 i) Earnings per Share ii) Degree of operating gearing iii) Degree of financial gearing iv) Degree of combined gearing c) Briefly evaluate the information produced in a & b d) Calculate the sales revenue required in Year 8 to maintain existing earnings per share
Calculate the Current Ratio, Debt Ratio, Return on Assets (ROA) and Return on Equity (ROE). For the ROA and ROE, you should use the average total assets and the average total equity in your calculations. (The average is the total across two years divided by two). Calculate these values for each of 2011-2014. Interpret your calculations: what does this information mean? How is the company doing?
n The following selected information is available for Pretty Pets Inc. for the most recent three years. Is Pretty Pets' liquidity improving or worsening? Explain using all three ratios provided. Current ratio 2019 2018 2017 2.1:1 2.1:1 2.1:1 Receivables turnover 8 times 7 times 6 times Inventory turnover 7.5 times 8.7 times 9.9 times
Need Help ASAP! Calculate the gross profit percentage ratio of Apple Inc. for the year 2020 (current year) and 2019 (previous year) and the gross profit percentage ratio of its industry peer Microsoft Corp. for the year 2020 (current year). Show calculations. Round the ratios to two decimal places
Flounder Company has been operating for several years, and on December 31, 2017, presented the following balance sheet. FLOUNDER COMPANY BALANCE SHEET DECEMBER 31, 2017 Cash $20,900 Accounts payable $80,000 Receivables 117,000 Long-term notes payable 181,000 Inventory 75,000 Common stock (no par) 110,000 Plant assets (net) 354,000 Retained earnings 195,900 $566,900 $566,900 The net income for 2017 was $43,000. Assume that total assets are the same in 2016 and 2017.
...And does the current ratio improves, deteriorate, or hold steady during 2018?
A. Wally asks you to create an Income Statement for 2020 using the information below. 1. 2020 sales were 150% of last year’s sales2. Gross profit margin was 55%3. Operating profit margins were 15% 4. Interest expense fell to 7%, given a change in interest rates 5. The tax rate was 30% B. Based on the change in Income between 2020 and 2019, how would you say AndrewCo is doing?
Answer all questions.
River Valley Production Inc. seeks to increase its market share and improve its results. The company takes as a starting point the current scenario and the results obtained in 2018 and 2019. Like other companies, River Valley uses financial ratios (ratios) as tools for analyzing the results obtained at the end of the period. Consider the data presented in the financial statements below and analyze the company's results based on the financial ratios. Balance Sheet 2018 2019 Cash $63,000 $201,000 Accounts Receivable 199,000 305,000 Marketable Securities 81,000 42,000 Inventories 441,000 455,000 Prepaids 5,000 9,000 Total Current Assets 789,000 1,012,000 Property, Plant, and Equipment, net 858,000 858,000 Total Assets $1,647,000 $1,870,000 Account Payable $150,000 $100,000 Accruals 101,000 95,000 Total Current Liabilities $251,000…
Please select THREE of the ratios listed below and perform them for years 2012 and 2011. Please interpret the data by including the following: (1) Write out the formula for each ratio you selected and show your calculations. (2) Discuss whether each ratio you selected measures liquidity or profitability and what those terms mean. (3) What factor(s) contributed to the increase or decrease from last year? Discuss whether those changes were favorable or unfavorable to the company and why? (4) What does each of your calculated ratios potentially mean for the company’s overall financial condition? Please assume the market price of the common stock on 12/31/11 was $113.40. Also, if you need any numbers from 2010 for averages, please use the following: Cash 300,000 Marketable securities 1,000,000 A/R 345,000 Inventory 647,000 Prepaids 220,000…
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…
As you review the ratio analysis of your company, you see that the Days Sales Outstanding over the last 2 years has gone from 37 to 44. List three things that could have caused this. Give specific examples.