Accounting (Text Only)
26th Edition
ISBN: 9781285743615
Author: Carl Warren, James M. Reeve, Jonathan Duchac
Publisher: Cengage Learning
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Question
Chapter 12, Problem 12.7APE
a.
To determine
It is that form of organization which is owned and managed by two or more persons who invest and share the
The revenue per employee for each year
b.
To determine
To interpret: The results of both the year.
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The Cena and Lesnar, a retail clothier, has had average sales of $400,000 for the last five years,|
2019-2015. The firm's total assets at the end of 2017 were $400,000.
An internal staff cost analyst has prepared the following financial data from the annual reports.
You have been hired as a consultant to help analyze the financial position.
2019
2018
2017
2016
2015
Current Ratio
2.80
2.43
2.36
2.10
2.00
Acid Test Ratio
2.03
1.93
1.82
1.61
1.47
Days' Sales in Receivables
Merchandise Inventory Turnover
Debt Ratio
61
58
54
42
35
4.20
4.10
4.10
3.90
3.70
0.48
0.50
0.49
0.47
0.47
Times Interest Earned
4.60
4.80
5.90
5.70
6.00
Sales as a Percent of 1996 Sales
1.46
1.23
1.12
1.06
1.00
Net Income as a Percent of 1996
Income
1.31
1.20
1.10
1.06
1.00
Gross Profit Margin
Operating Expenses to Net Sales
Net Profit Margin
38.5%
38.8%
38.9%
40.0%
39.7%
11.4%
11.3%
11.5%
11.4%
11.7%
7.6%
8.6%
8.9%
9.4%
9.3%
Return on Total Assets
9.4%
9.6%
9.6%
10.0%
10.7%
Required:
Have Cena and Lesnar utilized its…
The Cena and Lesnar, a retail clothier, has had average sales of $400,000 for the last five years,|
2019-2015. The firm's total assets at the end of 2017 were $400,000.
An internal staff cost analyst has prepared the following financial data from the annual reports.
You have been hired as a consultant to help analyze the financial position.
2019
2018
2017
2016
2015
Current Ratio
2.80
2.43
2.36
2.10
2.00
Acid Test Ratio
2.03
1.93
1.82
1.61
1.47
Days' Sales in Receivables
Merchandise Inventory Turnover
Debt Ratio
61
58
54
42
35
4.20
4.10
4.10
3.90
3.70
0.48
0.50
0.49
0.47
0.47
Times Interest Earned
4.60
4.80
5.90
5.70
6.00
Sales as a Percent of 1996 Sales
1.46
1.23
1.12
1.06
1.00
Net Income as a Percent of 1996
Income
1.31
1.20
1.10
1.06
1.00
Gross Profit Margin
Operating Expenses to Net Sales
Net Profit Margin
38.5%
38.8%
38.9%
40.0%
39.7%
11.4%
11.3%
11.5%
11.4%
11.7%
7.6%
8.6%
8.9%
9.4%
9.3%
Return on Total Assets
9.4%
9.6%
9.6%
10.0%
10.7%
Required:
a. Explain the trend in liquidity.…
Mr Amar made a report for company stockholders about the increase in spending on his employees over the past five years. And the results he obtained from the company data records were as follows:
What is the average increase per year from the data on employee expenses above.
Chapter 12 Solutions
Accounting (Text Only)
Ch. 12 - Prob. 1DQCh. 12 - Prob. 2DQCh. 12 - Prob. 3DQCh. 12 - Prob. 4DQCh. 12 - Prob. 5DQCh. 12 - Prob. 6DQCh. 12 - Prob. 7DQCh. 12 - Prob. 8DQCh. 12 - Prob. 9DQCh. 12 - Prob. 10DQ
Ch. 12 - Prob. 12.1APECh. 12 - Prob. 12.1BPECh. 12 - Prob. 12.2APECh. 12 - Prob. 12.2BPECh. 12 - Prob. 12.3APECh. 12 - Prob. 12.3BPECh. 12 - Prob. 12.4APECh. 12 - Prob. 12.4BPECh. 12 - Prob. 12.5APECh. 12 - Prob. 12.5BPECh. 12 - Prob. 12.6APECh. 12 - Prob. 12.6BPECh. 12 - Prob. 12.7APECh. 12 - Prob. 12.7BPECh. 12 - Prob. 12.1EXCh. 12 - Prob. 12.2EXCh. 12 - Prob. 12.3EXCh. 12 - Prob. 12.4EXCh. 12 - Prob. 12.5EXCh. 12 - Prob. 12.6EXCh. 12 - Prob. 12.7EXCh. 12 - Prob. 12.8EXCh. 12 - Prob. 12.9EXCh. 12 - Prob. 12.10EXCh. 12 - Prob. 12.11EXCh. 12 - Prob. 12.12EXCh. 12 - Prob. 12.13EXCh. 12 - Prob. 12.14EXCh. 12 - Prob. 12.15EXCh. 12 - Prob. 12.16EXCh. 12 - Prob. 12.17EXCh. 12 - Statement of members equity, admitting new member...Ch. 12 - Distribution of cash upon liquidation Hewitt and...Ch. 12 - Distribution of cash upon liquidation David Oliver...Ch. 12 - Prob. 12.21EXCh. 12 - Prob. 12.22EXCh. 12 - Liquidating partnershipscapital deficiency...Ch. 12 - Prob. 12.24EXCh. 12 - Prob. 12.25EXCh. 12 - Prob. 12.26EXCh. 12 - Prob. 12.27EXCh. 12 - Prob. 12.28EXCh. 12 - Prob. 12.1APRCh. 12 - Prob. 12.2APRCh. 12 - Prob. 12.3APRCh. 12 - Prob. 12.4APRCh. 12 - Prob. 12.5APRCh. 12 - Prob. 12.6APRCh. 12 - Prob. 12.1BPRCh. 12 - Prob. 12.2BPRCh. 12 - Prob. 12.3BPRCh. 12 - Prob. 12.4BPRCh. 12 - Prob. 12.5BPRCh. 12 - Statement of partnership liquidation On August 3,...Ch. 12 - Prob. 12.1CPCh. 12 - Prob. 12.2CPCh. 12 - Revenue per employee The following table shows key...Ch. 12 - Prob. 12.4CP
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