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Exercise 13-5 Determination of income effects from common-size and trend percents LO P1. P2 Common-size and trend percents for Rustynail Company's sales, cost of goods

Exercise 13-5 Determination of income effects from common-size and trend percents LO P1. P2 Common-size and trend percents for Rustynail Company's sales, cost of goods sold, and expenses follow. ComrnonaSize Peroents Trend Pemenls 2015 2014 2013 2015 2014 2013 Sales 100.0% 100.0% 100.0% 103.8% 102.6% 100.0% Cost of goods sold 63.6 61.4 57.6 114.6 109.4 100.0 Total expenses 14.2 13.7 14.0 105.3 100.4 100.0 Determine the net income for the following years. (Enter all amounts as positive values. Round your answers to nearest whole dollar.) Answer Is not complete $ mom monox manapenses Exercise 13-9 Risk and capital structure analysis LO P3 [T he foiio wing information appiies to the questions dismayed beio Wt] Simon Company's yearend balance sheets follow. At December 31 2015 2014 2013 Assets Cash $ 31.800 $ 35,625 $ 37.800 Accounts receivable. net 89.500 62.500 50,200 Merchandise inventory 112.500 82.500 54.000 Prepaid expenses 10,700 9,375 5.000 Plant assets. net 278.500 255000 230500 Total assets $523,000 $445,000 $377,500 Liabilities and Equity Accounts payable $ 129.900 $ 75,250 $ 51.250 Longterm notes payable secured by mortgages on plant assets 98.500 101.500 83,500 Common stock, $10 par value 163.500 163.500 163,500 Retained earnings 131.100 104.750 79.250 Total liabilities and equity $523,000 $ 445.000 $377,500 The company's income statements for the years ended December 31.2015 and 2014. follow. For Year Ended December 31 2015 2014 Sales $673.500 s 532-000 Cost of goods sold 55 411.225 $345.500 Other operating expenses 209,550 134,980 Interest expense 12.100 13,300 Income taxes 9.525 8,845 Total costs and expenses 642,400 502'625 Net income 55 31.100 $ 29,375 Earnings per share $ 1.90 $ 1.80 Calculate the company's long term risk and capital structure positions at the end of 2015 and 2014 by computing the following ratios. 6 Chrome File Edit View History Bookmarks People Window Help Assignment 133 (10 p x C' \\ (D ezto.mheducation.com/hm.tpx?_=0.9603089136704478_1495327812943 Sedan Break Exercise 13-9 Risk and capital suucmre anaiysls LO F3 Z wine: Required Information 0.70 poinis Exerclse 13-9 Parl1 (1) hem and equily mics. I = Dam ratio 2015: I = as 2014: I = x. I = Eqully min 2015: I = as 2014: I = as Hlnls Rumnm oEook & Rmums Him #1 Check my work 8. wine: Required Information 0.60 palms Exerclse 13-9 Part 2 (2) Dem-inequity nun. 10mg Exercise 13-10 Efciency and protability analysis L0 P3 [The following information applies to the questions displayed betcha] Simon Company's yearend balance sheets follow. At December 31 2015 2014 2013 Assets Cash $ 31.800 $ 35,625 $ 37.800 Accounts receivable. net 69.500 62.500 50,200 Merchandise Inventory 112.500 82.500 54.000 Prepaid expenses 10,700 9,375 5.000 Plant assets. net 278.500 255,000 230-500 Total assets $523,000 $445,000 $377,500 Liabilities and Equity Accounts payable $ 129.900 $ 75,250 $ 51.250 Longterm notes payable secured by mortgages on plant assets 98.500 101.500 83,500 Common stock, $10 par value 163.500 163.500 163,500 Retained earnings 131.100 104.750 79.250 Total liabilities and equity $523,000 $445,000 $377,500 The company's income statements for the years ended December 31. 2015 and 2014. follow. For Year Ended December 31 2015 2014 Sales $673,500 3; 532-000 Cost of goods sold 1; 411.225 $345.500 Other operating expenses 209,550 134,980 Interest expense 12.100 13,300 Income taxes 9.525 8,845 Total costs and expenses 642,400 502625 Net Income $ 31.100 $ 29,375 Earnings per share $ 1.90 $ 1.80 Evaluate the company's efficiency and protability by computing the following for 2015 and 2014.