Horngren's Accounting (11th Edition)
11th Edition
ISBN: 9780133856781
Author: Tracie L. Miller-Nobles, Brenda L. Mattison, Ella Mae Matsumura
Publisher: PEARSON
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Textbook Question
Chapter 17, Problem S17.4SE
Performing vertical analysis
Hoosier Optical Company reported the following amounts on its
| 2016 | 2015 | |
| Cash and Receivables | $ 77,825 | $ 70,200 |
| Merchandise Inventory | 55,825 | 52,780 |
| Property, Plant, and Equipment, Net | 141,350 | 137,020 |
| Total Assets | $ 275,000 | $ 260,000 |
Prepare a vertical analysis of Hoosier assets for 2016 and 2015.
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The following information relates to Nicke Inc.
Total
Fixed
Total
Net
$ millions
Assets
Assets Revenue Income
Fiscal Year 2016 $10,560 $64,188 $97,128 $11,280
Fiscal Year 2015
28,002 200,852
91,803
9,819
Fiscal Year 2014
8,502 55,782
Nicke's fiscal years 2016, 2015, and 2014, end on May 31, 2016, 2015, and 2014, respectively.
Required
a. Compute the asset turnover ratio for fiscal years 2016 and 2015.
b. Compute the return on assets ratio for fiscal years 2016 and 2015.
c. Compute the fixed asset turnover ratio for fiscal years 2016 and 2015.
Note: Do not round until your final answers. Round final answers to two decimal places.
Ratio
2016
2015
a. Asset turnover
0.73 v
0.72 v
b. Return on assets
8.53 x
7.65 x
c. Fixed asset turnover
5.04 v
5.03 v
Compute for Accounts Receivable Turnover Ratio, Asset Turnover Ratio, Inventory Turnover Ratio in 2015 and 2016
Chapter 17 Solutions
Horngren's Accounting (11th Edition)
Ch. 17 - Prob. 1QCCh. 17 - Prob. 2QCCh. 17 - Prob. 3QCCh. 17 - Prob. 4QCCh. 17 - Prob. 5QCCh. 17 - Prob. 6QCCh. 17 - Prob. 7QCCh. 17 - Prob. 8QCCh. 17 - Prob. 9QCCh. 17 - Prob. 10QC
Ch. 17 - Prob. 1RQCh. 17 - Prob. 2RQCh. 17 - Prob. 3RQCh. 17 - Prob. 4RQCh. 17 - Prob. 5RQCh. 17 - Prob. 6RQCh. 17 - What is benchmarking, and what are the two main...Ch. 17 - Prob. 8RQCh. 17 - Prob. 9RQCh. 17 - Prob. 10RQCh. 17 - Prob. 11RQCh. 17 - Prob. 12RQCh. 17 - Prob. 13RQCh. 17 - Prob. 14ARQCh. 17 - Prob. 15ARQCh. 17 - Prob. S17.1SECh. 17 - Prob. S17.2SECh. 17 - Prob. S17.3SECh. 17 - Performing vertical analysis Hoosier Optical...Ch. 17 - Prob. S17.5SECh. 17 - Prob. S17.6SECh. 17 - Use the following information for Short Exercises...Ch. 17 - Prob. S17.8SECh. 17 - Prob. S17.9SECh. 17 - Prob. S17.10SECh. 17 - Prob. S17.11SECh. 17 - Prob. S17.12SECh. 17 - Prob. S17.13SECh. 17 - Prob. S17.14SECh. 17 - Performing horizontal analysisincome statement...Ch. 17 - Prob. E17.16ECh. 17 - Prob. E17.17ECh. 17 - Prob. E17.18ECh. 17 - Prob. E17.19ECh. 17 - Prob. E17.20ECh. 17 - Prob. E17.21ECh. 17 - Prob. E17.22ECh. 17 - Prob. E17.23ECh. 17 - Prob. E17.24ECh. 17 - Prob. E17.25ECh. 17 - Prob. E17.26ECh. 17 - Prob. P17.27APGACh. 17 - Prob. P17.28APGACh. 17 - Prob. P17.29APGACh. 17 - Prob. P17.30APGACh. 17 - P17-31A Using ratios to evaluate a stock...Ch. 17 - Prob. P17.32APGACh. 17 - Prob. P17.33APGACh. 17 - Prob. P17.34BPGBCh. 17 - Prob. P17.35BPGBCh. 17 - Prob. P17.36BPGBCh. 17 - Prob. P17.37BPGBCh. 17 - Prob. P17.38BPGBCh. 17 - Prob. P17.39BPGBCh. 17 - Prob. P17A.40BPGBCh. 17 - Prob. P17.41CPCh. 17 - Prob. P17.1CPCh. 17 - Prob. 17.1DCCh. 17 - Prob. 17.1EICh. 17 - Prob. 17.1FSC
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