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Managerial Accounting 1B Ch-12-24
Managerial Accounting 1B Ch-12-24
Financial and Managerial Accounting
Chapter 13
Exercise 13-3 Computation and analysis of trend percents L.O. P1
|
2013 |
2012 |
2011 |
2010 |
2009 |
|
| Sales |
$ 283,880 |
$ 271,800 |
$ 253,680 |
$ 235,560 |
$ 151,000 |
| Cost of goods sold |
129,200 |
123,080 |
116,280 |
107,440 |
68,000 |
| Accounts receivable |
19,100 |
18,300 |
17,400 |
16,200 |
10,000 |
|
|
|||||
| Compute trend percents for the above accounts, using 2009 as the base year. (Omit the “%” sign in your response.) |
Exercise 13-7 Common-size percents L.O. P2
| Sanderson Company s year-end balance sheets follow. |
| At December 31 |
2012 |
2011 |
2010 |
|||||||
| Assets | ||||||||||
| Cash |
$ |
30,800 |
$ |
35,625 |
$ |
36,800 |
||||
| Accounts receivable, net |
88,500 |
62,500 |
49,200 |
|||||||
| Merchandise inventory |
111,500 |
82,500 |
53,000 |
|||||||
| Prepaid expenses |
9,700 |
9,375 |
4,000 |
|||||||
| Plant assets, net |
277,500 |
255,000 |
229,500 |
|||||||
|
|
|
|
|
|
|
|||||
| Total assets |
$ |
518,000 |
$ |
445,000 |
$ |
372,500 |
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