MANAGERIAL ACCOUNTING FUND. W/CONNECT
MANAGERIAL ACCOUNTING FUND. W/CONNECT
5th Edition
ISBN: 9781259688713
Author: Wild
Publisher: MCG
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Chapter 13, Problem 1MCQ
To determine

Concept introduction:

Financial Statement analysis is done using the components of financial statement. These components are Balance sheet, Income statement, Statement of Cash flows etc. Annual report of a company contains financial statement of that year and previous year for comparison. If the company has subsidiaries or segments, the financial statement shall be consolidated for whole business of the company.

To calculate:

The Sales trend % for the year 2015.

Expert Solution & Answer
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Answer to Problem 1MCQ

The Sales trend % for the year 2015 is d. 117%

Explanation of Solution

The Sales trend % for the year 2015 is calculated as follows:

Sales for the year 2014 $300, 000

Sales for the year 2015 $351, 000

Sales trend % for the year 2015 = 351000/300000 = 117%

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MANAGERIAL ACCOUNTING FUND. W/CONNECT

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