Net sales, net income, and total assets for Amaze Shipping, Inc., for a five-year period follow (Click the icon to view the data.) Read the requirements Requirement 1. Calculate trend percentages for each item for 2015 through 2018. Use 2014 as the base yoar and round to the nearest percent Amaze Shipping, Inc. - Trend Percentages 2018 2017 2016 2015 2014 Net sales. % 100% Net income % 100 % Total assets 100% Enter any number in the edit fields and then click Check Answer 7 parts remaining Clear All Check Answer Type here to search 4/13/2 hp ooks Am (In thousands) Net sales. .$ 2018 500 $ 21 310 2017 2016 2015 400 $ 700 $ 314 $ 32 2 1 38 264254238 2014 306 36 209 Net income Total assets. Print | Done fields and then click Check Answer. Clear All Check Answer rod rest pe Calculate trend percentages for each item for 2015 through 2018. Use 2014 as the base year and round to the nearest percent. 2. Calculate the rate of return on net sales for 2016 through 2018, rounding to the nearest one-tenth percent. Explain what this means. 3. Calculate asset turnover for 2016 through 2018. Explain what this means. 4. Use a DuPont Analysis to calculate the rate of return on average total assets (ROA) for 2016 through 2018. 5. How does Amaze Shipping's return on net sales for 2018 compare with previous years? How does it compare with that of the industry? In the shipping industry, rates above 9% are considered good, and rates above 11% are outstanding. 6. Evaluate the company's ROA for 2018, compared with previous years and against an 18% benchmark for the industry. is & Print Done Clear All NEXT QUESTION Take the role of an investment analyst. It is your job to recommend investments for your client. The only information you have is the following ratio values for two companies in the data analytics industry: Click the icon to view the two company ratio summary sheet.) Recommend one company's stock over the other. State the reasons for your recommendation An investment in Stellar Corporation should therefore produce a higher 1. Stellar Corporation's return on equity (ROE) is 5% higher than Abbott Co's return than an investment in the other company's stock. VROE exceeds its return on assets by a wider margin than does with its borrowed funds than V is eaming, . This means that is earning more Click to select your answer(s) and then click Check Answer 6 parts O remaining Clear All Final Check P12.56A (similar to STATS thankstation 2222 be here to search 1113 PM 4/13/2020 19 Ratio Abbott Co. Stellar Corporation 48 Days' sales in receivables Inventory turnover 58 % 13 % 67 % 12 % Gross profit percentage Net income as a percent of sales Times interest earned Return on equity Return on assets 13 19, 30 % 19 % 35 % 14 % Print Done Clear All STZ-13 (book/static (0.33/2) similar to (0/5) 'o e @ 997 9 Take the role of an investment analyst. It is your job to recommend investments for your client. The only information you have is the following ratio values for two companies in the data analytics industry: Click the icon to view the two company ratio summary sheet.) Recommend one company's stock over the other. State the reasons for your recommendation st An investment in Stellar Corporation should therefore produce a higher 1. Stellar Corporation's return on equity (ROE) is 5% higher than Abbott Co.'s return than an investment in the other company's stock 2. V ROE exceeds its return on assets by a wider margin than does with its borrowed funds than is earning. . This means that is earning more Click to select your answer(s) and then click Check Answer cDong Clear All Final Check P12.56A (similar to thankstatimiza ORL Se Type here to search 93. 9 11:13 PM 4/13/2020 NEXT QUESTION Review the following long-term, equity security transactions of Reynold Department Stores: (Click the icon to view the transactions.) Requirement 1. Journalize the long-term, equity security transactions of Reynold Department Stores a. Purchased 520 shares of Gates Fine Foods common stock at $31 per share (less than 5% of Gates's outstanding stock), with the intent of holding the stock for the indefinite future. (Record debits first, then credits. Exclude explanations from any journal entries.) Journal Entry Accounts Debit Credit Choose from any list or enter any number in the input fields and then click Check Answer, 3 parts remaining Clear All Check Answer Type here to search ORL e 1999 4/13 hp wysert @ # $ a. Purchased 520 shares of Gates Fine Foods common stock at $31 per share (less than 5% of Gates's outstanding stock), with the intent of holding the stock for the indefinite future. b. Received a cash dividend of $1.90 per share on the Gates investment. c. At year-end, adjusted the investment account to fair value of $39 per share. d. Sold the Gates stock for $24 per share. Print Done number in the input fields and then click Check Answer. Clear All o 1 e @ 91 9 NEXT QUESTION Glimmer Pools purchased $50,000 of 7% AKL bonds on January 1, 2018, at a price of 104.2 when the market rate of interest was 6%. Glimmer intends to hold the bonds until their maturity date of January 1, 2023. The bonds pay interest semiannually on each January 1 and July 1. Calculate the amount of premium amortization (using the straight-line amortization method) on July 1, 2018, and record the related journal entries. What is the total interest revenue for the first six months of 2018? Calculate the amount of premium amortization (using the straight-line amortization method) on July 1, 2018, and record the related journal entries. First, record the entry for the interest receivable at July 1, 2018. (Record debits first, then credits. Exclude explanations from any journal entries.) Journal Entry Accounts Debit Credit Choose from any list or enter any number in the input fields and then click Check Answer parts Check Answer Clear All remaining ype here to search Otse 1999 11:15 PM 4/13/2020 NEXT QUESTION Answer these questions about consolidation accounting 1. Define parent company. Define subsidiary company. 2. How do consolidated financial statements differ from the financial statements of a single company? 3. Which company's name appears on the consolidated financial statements? How much of the subsidiary's shares must the parent own before using consolidated statements? 1. Define parent company. Define subsidiary company A parent company is a corporation that owns more than a 50% interest in another company. A subsidiary company is a company that is controlled by another corporation 2. How do consolidated financial statements differ from the financial statements of a single company? Consolidated financial statements the balance sheets, income statements, and other statements of a parent company those of its subsidiaries. Click to select your answer(s) and then click Check Answer 2 parts remaining Check Answer Type here to search ORI 2 11:16 PM 4/13/ 20 (WERTYUN O P