Exercise 13-3 Computation and analysis of trend percents LO P1 133 points Sales Cost of goods sold Accounts receivable 2017 2016 2015 2014 2013 $ 625,790 $ 406,357 5 318,711 $ 214,620 $ 153,300 302,929 196,651 156,031 184,518 73,584 30,413 23,772 21,832 12,555 10,455 Book Compute trend percents for the above accounts, using 2013 as the base year. Trend Percent for Net Sales: Choose Denominator: Choose Numerator: I 2017: 2016: 2015: 2014: Reforences Trend Percent for Cost of Goods Sold: Choose Denominator: Choose Numerator: Cost of goods sold 2017: 2016: 2015: 2014: Trend Percent for Accounts Receivables Choose Denominator: Choose Numerator: Accounts receivable 2017: 2016: 2015: 2014: Exercise 13-4 Common-size percent computation and interpretation LO P2 133 points Express the following comparative income statements in common-size percents. (Round your percentage ans place.) GOMEZ CORPORATION Comparative Income Statements For Years Ended December 31, 2017 and 2016 2017 2016 $ % Sales $ 745,0007 $695,000 Cost of goods sold 565.400 291,000 Gross profit 179,500 404,000 Operating expenses 130,400 240,800 Net income 5 49.2007 S163 2001 Has the company's situation improved in the most recent year? Yes No CO 2017 2016 $ 133 points At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, 510 par value Retained earnings Total liabilities and equity $ 25,755 $ 30,106 73,998 52.680 91,996 68,241 8,130 7,746 232,422 213,818 $ 432,211 $ 372,596 31, 373 43,098 46,818 3,451 195, 360 320,100 $ $ 197,621 $ 61,799 $ 42,253 82,068 83,983 163,500 163,500 79,022 63,404 $ 432,211 5 372,596 $ 59.327 163,500 45,020 320,100 Prire Express the balance sheets in common-size percents (Do not round intermediate calculations and round your final percentage answers to 1 decimal place.) References SIMON COMPANY Common-Size Comparative Balance Sheets December 31, 2015-2017 2017 2016 2015 Assets Cash Accounts receivable net Merchandise inventory Prepaid expenses Plant assets net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock. $10 par Retained earnings Total liabilities and equity Exercise 13-7 Liquidity analysis LO P3 133 points Simon Company's year-end balance sheets follow 2017 2016 2015 eBook At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-tern notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 33,022 $ 37,442 $ 40,594 67,558 5 3.875 117,928 91,047 57,096 10,741 10.132 4,335 382,298 276,326 243,000 $ 559,697 5 482,497 5 398,100 $ 136,577 $ 82,357 $ 52,024 106.275 162,500 154, 345 $ 559,697 108.755 85.341 162,500 162,500 128,885 98, 235 482,497 5 398, 100 References 1. Compute the current ratio for the year ended 2017, 2016 and 2015. 2. Compute the acid-test ratio for the year ended 2017, 2016, and 2015 Complete this question by entering your answers in the tabs below. Required i Required 2 Compute the current ratio for the years ended December 31, 2017, 2016, and 2015. Choose Numerator: Current Ratio Choose Denominator: - Current Ratio Current ratio 2017: 2016: 2015: Required 2 > 2817 2016 2015 1.33 points At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-tern notes payable secured by mortgages on plant assets Common stock, 510 par value Retained earnings Total liabilities and equity $ 33,022 S 37,442 $ 40,594 95,788 67,550 53,875 117.928 91,847 57,096 10.741 10,132 4,335 302,298 276, 326 2 43,800 $559,697 $452,497 5 398, 100 $ 136,577 $ 82,357 $ 52,024 106,275 108,755 85,341 162.509 162,500 162,500 154, 145 128,885 98,235 $ 559,697 5 482,497 $ 398,120 Print 1. Compute the current ratio for the year ended 2017, 2016, and 2015 2. Compute the acid-test ratio for the year ended 2017, 2016, and 2015 References Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the acid-test ratio for the years ended December 31, 2017, 2016, and 2015. Acid-Test Ratio Choose Numerator Choose Denominator: Acid Test Ratio 2017: 2016: 2015: