1.
Prepare a vertical analysis on the consolidated income statement for all three years and discuss the benefit in this analysis.
2.
Prepare a horizontal analysis on the consolidated income statement for two years and discuss the benefit in this analysis.
3.
Using Company CS consolidated income statement to find out basic EPS for each fiscal year and EPS increased or decreased over the three years, and tell for what reason EPS keeps changing.
4.
Compute net
5.
Compute dividend yield and price earnings ratio for the current year, and state whether industry average PE ratio was 24 times earnings and the dividend yield was 1.5% for the industry.

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Chapter 12 Solutions
EP FINANCIAL ACCOUNTING-MYACCOUNTINGLAB
- Sterling Corporation uses direct labor hours in its predetermined overhead rate. At the beginning of the year, the estimated direct labor hours were 14,300 hours, and the total estimated manufacturing overhead was $343,200. At the end of the year, actual direct labor hours were 14,000 hours, and the actual manufacturing overhead was $338,500. What is the overhead at the end of the year?arrow_forwardnonearrow_forwardGeneral Accountingarrow_forward
- Sam prepared a draft statement of profit or loss for the business as follows: $ $ Sales 256,800 Cost of sales Opening inventory 13,400 Purchases 145,000 Closing inventory (14,200) ––––––– (144,200) –––––––– Gross profit 112,600 Expenses (76,000) –––––––– Net profit 36,600 –––––––– Sam has not yet recorded the following items: • Carriage in of $2,300 • Discounts received of $3,900 • Carriage out of $1,950 After these amounts are recorded, what are the revised values for gross and net profit of Sam’s business?arrow_forwardDetermine the return on total assets of this financial accounting questionarrow_forwardHarbor Groceries began the current month with inventory costing $28,750, then purchased inventory at a cost of $70,560. The perpetual inventory system indicates that inventory costing $76,400 was sold during the month for $81,300. If an inventory count shows that inventory costing $21,600 is actually on hand at month-end, what amount of shrinkage occurred during the month?arrow_forward
- Pkg Acc Infor Systems MS VISIO CDFinanceISBN:9781133935940Author:Ulric J. GelinasPublisher:CENGAGE LFinancial Accounting: The Impact on Decision Make...AccountingISBN:9781305654174Author:Gary A. Porter, Curtis L. NortonPublisher:Cengage LearningPrinciples of Accounting Volume 2AccountingISBN:9781947172609Author:OpenStaxPublisher:OpenStax College

