Foundations of Financial Management
16th Edition
ISBN: 9781259277160
Author: Stanley B. Block, Geoffrey A. Hirt, Bartley Danielsen
Publisher: McGraw-Hill Education
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Textbook Question
Chapter 12, Problem 3WE
Returning to TXN’s summary page, record the following:
a. Last trade price.
b. 52-week low.
c. 52-week high.
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Qw.02.
Compute trend percents for the following accounts using 2020 as the base year. For each of the three accounts, state whether the situation as revealed by the trend percents appears to be favourable or unfavourable Sales Cost of goods sold Accounts receivable Numerator: 2024: 2023: Numerator: 2024 $ 463,414 234,107 22,522 2024: 2023: 2022: 2021: 2020: Is the trend percent for Net Sales favourable or unfavourable? Numerator: I 1 1 1 Trend Percent for Net Sales: 2023 $ 306,897 155,099 17,861 1 1 1 I 1 2022 2021 $ 249,510 $ 175,095 128,255 89,348 10,226 17,042 Trend Percent for Cost of Goods Sold: Denominator: 2024: 2023: 2022: 2021: 2020: Is the trend percent for Cost of Goods Sold favourable or unfavourable? 7 Denominator: 7 1 Trend Percent for Accounts Receivable: Denominator: 2022: 2021: 2020: Is the trend percent for Accounts Receivable favourable or unfavourable? = E # = S U = E = = 2020 $ 129,700 64,850 8,871 Trend percent Trend percent Trend percent 1% %6 % % % % 196 196 56…
Compute trend percents for the following accounts using 2020 as the base year. For each of the three accounts, state whether the
situation as revealed by the trend percents appears to be favourable or unfavourable.
Sales
Cost of goods sold
Accounts receivable
Numerator:
Numerator:
2024
$ 628,449
322,959
30,417
Numerator:
1
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2024:
2023:
2022:
2021:
2020:
Is the trend percent for Net Sales favourable or unfavourable?
Trend Percent for Net Sales:
2023
$ 408,084
209,773
23,750
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2022
2021
$ 334,495 $ 232, 288
173,642
22,846
Denominator:
Trend Percent for Cost of Goods Sold:
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2024:
2023:
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2021:
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Is the trend percent for Cost of Goods Sold favourable or unfavourable?
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Denominator:
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2024:
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1
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2021:
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2020:
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Is the trend percent for Accounts Receivable favourable or unfavourable?
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2020
$ 170,800
87,108
11,683
Trend percent…
Compute trend percents for the following accounts using 2020 as the base year. For each of the three accounts, state whe
situation as revealed by the trend percents appears to be favourable or unfavourable.
Sales
Cost of goods sold
Accounts receivable
Numerator:
2024
$ 564,662
296,074
27,273
Numerator:
2024:
2023:
2022:
2021:
2020:
Is the trend percent for Net Sales favourable or unfavourable?
2023
$364,298
191,135
21,275
1
1
1
Trend Percent for Net Sales:
1
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1
1
2022
293,789
156,170.
20,095
Denominator:
Trend Percent for Cost of Goods Sold:
Denominator:
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2023:
2022:
2021:
2020:
is the trend percent for Cost of Goods Sold favourable or unfavourable?
2021
2020
$ 212,122 $ 158,300
111,503
12,430
=
82,316
10,828
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Chapter 12 Solutions
Foundations of Financial Management
Ch. 12 - Prob. 1DQCh. 12 - Why does capital budgeting rely on analysis of...Ch. 12 - Prob. 3DQCh. 12 - Prob. 4DQCh. 12 - What does the term mutually exclusive investments...Ch. 12 - Prob. 6DQCh. 12 - If a corporation has projects that will earn more...Ch. 12 - What is the net present value profile? What three...Ch. 12 - How does an asset’s ADR (asset depreciation...Ch. 12 - Prob. 1P
Ch. 12 - Prob. 2PCh. 12 - Assume a firm has earnings before depreciation and...Ch. 12 - Assume a firm has earnings before depreciation and...Ch. 12 - Al Quick, the president of a New York Stock...Ch. 12 - Prob. 6PCh. 12 - Prob. 7PCh. 12 - Assume a 90,000 investment and the following cash...Ch. 12 - Prob. 9PCh. 12 - X-treme Vitamin Company is considering two...Ch. 12 - You buy a new piece of equipment for 16,230, and...Ch. 12 - Prob. 12PCh. 12 - Home Security Systems is analyzing the purchase of...Ch. 12 - Aerospace Dynamics will invest 110,000 in a...Ch. 12 - The Horizon Company will invest 60,000 in a...Ch. 12 - Skyline Corp. will invest 130,000 in a project...Ch. 12 - The Hudson Corporation makes an investment of ...Ch. 12 - The Pan American Bottling Co. is considering the...Ch. 12 - You are asked to evaluate the following two...Ch. 12 - Turner Video will invest 76,344 in a project. The...Ch. 12 - The Suboptimal Glass Company uses a process of...Ch. 12 - Keller Construction is considering two new...Ch. 12 - Davis Chili Company is considering an investment...Ch. 12 - Prob. 25PCh. 12 - Assume 65,000 is going to be invested in each of...Ch. 12 - The Summit Petroleum Corporation will purchase an...Ch. 12 - Oregon Forest Products will acquire new equipment...Ch. 12 - Prob. 29PCh. 12 - Prob. 30PCh. 12 - Prob. 31PCh. 12 - Prob. 32PCh. 12 - Prob. 33PCh. 12 - Prob. 2WECh. 12 - Returning to TXN’s summary page, record the...
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- Use LIFO to determine the cost of the ending inventory. Assume 35 FitBits in inventory at the end of the year b. was the Cost of Goods Sold (COGS)?arrow_forwardCompute trend percents for the following accounts using 2020 as the base year. For each of the three accounts, state whether the situation as revealed by the trend percents appears to be favourable or unfavourable. Sales Cost of goods sold Accounts receivable Numerator: 2024 $ 754,236 372,126 36,731 Numerator: 1 2023 $ 499,494 246,502 29,121 Trend Percent for Net Sales: 1 1 1 1 1 1 2024: 2023: 2022: 2021: 2020: Is the trend percent for Net Sales favourable or unfavourable? 2022 $394,857 196,780 27,127 Prev Denominator: Trend Percent for Cost of Goods Sold: 1 Denominator: 5 of 8 2021 $ 265,005 131,752 15,529 = Next > 2020 $ 196,300 96,187 13,407 Trend percent % % % % %arrow_forwardDefine the following terms: inventory conversion period, averagecollection period, and payables deferral period. Give the equationfor each termarrow_forward
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