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It's 2 different questions. Exercise 13-3 Computing and Interpreting trend percents LO P1 Sales Cost of goods sold Accounts receivable 2019 2018 2017 2016 2015

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It's 2 different questions.

Exercise 13-3 Computing and Interpreting trend percents LO P1 Sales Cost of goods sold Accounts receivable 2019 2018 2017 2016 2015 $ 464,379 $ 309,586 $ 250, 677 $ 167, 118 $ 121,100 230, 096 153, 347 125,882 83, 438 59, 339 22,522 18, 049 17, 121 9,776 8, 295 Compute trend percents for the above accounts, using 2015 as the base year. Choose Numerator: Trend Percent for Net Sales: 1 Choose Denominator: 1 Trend percent 2019: % 2018: 1 % 11 11 11 2017: 1 % 2016: 1 % Trend Percent for Cost of Goods Sold: 1 Choose Denominator: Choose Numerator: Trend percent Trend Percent for Cost of Goods Sold: Choose Denominator: Choose Numerator: 1 Trend percent % 1 2019: % 2018: 1 % 1 2017: % 2016: Choose Numerator: Trend Percent for Accounts Receivables: 1 Choose Denominator: 1 Trend percent % 2019: 1 % 2018: 1 % 2017: % 2016: Exercise 13-6 Common-size percents LO P2 Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago - 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, $10 par value Retained earnings Total liabilities and equity $ 24,562 74,093 93, 158 8,152 224,834 $ 424,799 $ 28, 418 $ 31, 137 51, 269 40,694 66,393 45,545 7,537 3,357 212,589 190, 667 $ 366, 206 $ 311,400 S 107,890 $ 61,889 $ 40,694 3 78, 265 163,500 75,144 $ 424,799 85,912 69,508 163,500 163,500 54,905 37, 698 S 366, 206 S 311,400 1. Express the balance sheets in common-size percents. (Do not round intermediate calculations and round your final percentage answers to 1 decimal place.) 2. Assuming annual sales have not changed in the last three years, is the change in accounts receivable as a percentage of total assets favorable or unfavorable? 3. Assuming annual sales have not changed in the last three years, is the change in merchandise inventory as a percentage of total assets favorable or unfavorable? Complete this question by entering your answers in the tabs below. Req 1 Reg 2 and 3 Express the balance sheets in common-size percents. (Do not round intermediate calculations and round your final percentage answers to 1 decimal place.) es 2 Years Ago SIMON COMPANY Common-Size Comparative Balance Sheets December 31 Current Year 1 Year Ago Assets Cash % % Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets % % 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 % % % % O % % Req 2 and 3 >

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