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ATC 1-1 (Algo) Business Applications Case Financial versus managerial accounting The following information was taken from Vernon Corporation's SEC filings. Number of employees Revenues (in
ATC 1-1 (Algo) Business Applications Case Financial versus managerial accounting The following information was taken from Vernon Corporation's SEC filings. Number of employees Revenues (in millions) Properties (in thousands) Total assets (in millions) Company-owned stores Net earnings (in millions) Fiscal Year Ended October 1, 2017 October 2, 2016 367,000 290,000 $ 51,187 $ 50,116 6,862 square feet 6,817 square feet $ 14,978 $ 14,925 58,275 13,161 $ 8,285 $ 8,218 Required a. Indicate whether each line of information in the table above would best be described as being primarily financial accounting or managerial accounting in nature. c.&d. Based on the data identified as financial or managerial in nature from requirement (a), does it appear that Vernon's 2017 fiscal year was better or worse than its 2016 fiscal year? e. Calculate the revenue and earnings per employee and per thousand feet to determine which year (2017 or 2016) Vernon appeared to be using its facilities more efficiently. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Reg A Reg C and D Reg E Calculate the revenue and earnings per employee to determine which year (2017 or 2016) Vernon appeared to be using its facilities more efficiently. (Enter your answers in whole dollars and not in millions.) 2017 2016 Revenue per employee $ 139,474 $ 172,814 Earnings per employee 22.575 28,338 Revenue per thousand feet 7,459,487 X 7,351,621 Earnings per thousand feet 1,027.374 X 1,205,516 X The company used its facilities more efficiently in 2017
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