https:m 13 Homework 6 Help Save& QS 13-3 Horizontal analysis LO P1 Compute the annual dollar changes and percent changes for each of the folowing accounts. (Decreases should be Indicated wlth a minus sign. Round percent change to one decimal place Sotes payable 78.398 237 313 100,704 10450 Short-em investment Prev 1 of 19 iu Next> t.html 2 QS 13-4 Trend percents LO P The following information is for Tide Corporation: points Net sales Cost of goods sold $1,155,080 $431,000 565,989127,576 Determine the 2016 and 2017 trend percents for net sales using 2016 as the base year Trend Percent for Net Sales: Trend Percent Print 2017 2016 01% 01% References https:/ewconnectnteducation.comflow/connect.html Ch 13 Homework 3 oS 13-5 Common-size analysis LO P2 The following information is for Tide Corporation: points 805,182 456,779 96,513 137,643 Cost of goods sold Determine the 2016 and 2017 common-size percents for cost of goods sold using net sales as the base 2017: 2016 References h 13 Homework 4 640.230 421,204 $331,657 238,602 179,400 316,313 208,040 165,562 118,115 87,906 Ceat of gooda sold 1,115 24,640 22,752 13,934 12,271 Compute trend percents for the above accounts, using 2013 as the base yeart Choose D 2017: 2018 2015 Choose Denominator Cost of goods sold 2017 2016: 2015: 2014: Percent for Choose Numerator Choose Denominator Accounts receivable 2017 2016: 2015: Help Exercise 13-4 Common-size percent computation and interpretation LO P2 Express the following comparative income statements in common-size percents. (Round your percentage answers to 1 declmal place.) For Years Ended December 31, 2017 and 2010 2017 2016 795,000 565,400 825,000 Cost of goods sold Gross profe 27 400 240 128,000 101,800 Has the company's situation improved in the most recent year? Yes No Prev 5 of9Next Ch 13 Homework 6 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 Coat of goods sold Operating Determine the net income for the following years. (Enter all amounts as positive values) Operating Expenses 5 20.200 Did the net income increase, decrease, or remain unchanged in this three-year period? Net income decreased Net income increased Ch 13 Homework 7 Exercise 13-6 Common-size percents LO P2 Simon Company's year-end balance sheets follow. points Accoants receivable, net Merchandise inventory Prepaid expenses Plant aasets, net 27,165 &33,05 32,432 144 55,54943,679 102,023 74.16 46.518 a,505 290.657-33321,--204104 $469,826 $405,022 330,900 Him 111,157 67,080 # 44, ssa Long-tern notes payable secured by 87,444 95,95072,398 163, 500 on plant 163, s00 Common stock, $10 par value Retained earnings Total liabilities and eguity Express the balance in answers to 1 decimal place.) sheets in common-size percents.(Do not round inter mediate calculations and round your final percenta SIMON COMPANY December 31, 2015-2017 2017 Assets Cash Ch 13 Homework 7 Total liabilities and equity 469,826 405,022330,900 Express the balance sheets in common-size percents. (Do not round intermediate calculations and rou answers to 1 declmal place) points Balance Sheets December 31, 2015-2017 Cash Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes paryable secured by mortgages on plant assets Common stock, $10 par Retained earnings Total liabilities and equity McGr. x Saved Ch 13 Homework s 29,882 35,276 37,484 Cosh Aocounta receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total asseta 49,494 105,659 79,17S 53,243 ,084 270, 360 247,369 223, 295 501,466 432,298 367,600 85,751 61,127 9,814 9,351 Liabilities and Equity Accounta payable Long-ters notes payable secured by s127,36274,520 49,008 bortgages on plant aasets Common stock, $10 par value Retained earnings total liabilities and equity 97,104 96,446 82,864 162,500 162,500 162,500 98,832 73,228 501,466 432,298 367,600 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 Required 2 Compute the current ratio for the years ended December 31, 2017, 2016, and 2015. Current Ratio 2017 2016 2015 Current ratio to 1 to 1 to 1