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B 4 Please complete Quick Study as follows: 1) Use the following information for Owens Corporation to determine (1) the 2019 and 2020 common-size
B 4 Please complete Quick Study as follows: 1) Use the following information for Owens Corporation to determine (1) the 2019 and 2020 common-size percents for cost of goods sold using net sales as the base and (2) the 2019 and 2020 trend percents for net sales using 2019 as the base year. ($ thousands) Net sales Cost of goods sold 2020 $ 101,400 $ 55,300 2019 58,100 30,700 2) Compute the annual dollar changes and percent changes for each of the following 2020 Short term investments $ 110,000 $ Accounts receivable Notes payable 22,000 30,000 2019 80,000 25,000
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