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1.
Compute trend percent for fiscal years 2013, 2014, and 2015 for net sales, cost of sales, operating income, other income (expense) net, provision for income tax, and net income.
2.
Compute common-size percent for fiscal years 2014 and 2015 for the following categories of assets: (a) total current assets, (b) property, plant and equipment, net; and (c)
3.
Comment on any notable changes across the years for the income statement trends computed in requirement 1 and the
4(1)
Compute trend percent for fiscal years 2013, 2014, and 2015 for net sales, cost of sales, operating income, other income (expense) net, provision for income tax, and net income.
4(2)
Compute common-size percent for fiscal years 2015 and 2016 for the following categories of assets: (a) total current assets, (b) property, plant and equipment, net; and (c) goodwill plus acquired intangible assets, net.
4(3)
Comment on any notable changes across the years for the income statement trends computed in requirement 1 and the balance sheet percent computed in requirement 2.
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Chapter 13 Solutions
Connect Access Card For Financial Accounting Fundamentals
- Pluto Flyers, Inc., has balance sheet equity of $6.2 million. At the same time, the income statement shows net income of $865,000. The company paid dividends of $472,500 and has 120,000 shares of stock outstanding. If the benchmark PE ratio is 20, what is the target stock price in one year?need step by step answerarrow_forwardgeneral accountarrow_forwardKindly help me with accounting questionsarrow_forward
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