Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Please help and if possible explain why we had to use either stdev or stdevp for net income, comprehensive income, and operating cash flow. Thank
Please help and if possible explain why we had to use either stdev or stdevp for net income, comprehensive income, and operating cash flow. Thank you!
Consider the Throwback Company's financial results for Years 1 - 5 (see excel). ExcelData For each year, calculate the percentage change in: Net Income Comprehensive Income (Remember: Comp Inc = Net Income + Other Comp Income) Operating Cash Flow Using the percentage change for the Years 3, 4 and 5, calculate the standard deviation (assuming the population) for: Net Income Comprehensive Income Operating Cash Flow (Hint: make sure you know the difference between Estdev() and =stdevp() in excel.) Round your answers to the nearest percentage point(e.g. 29.64983% should be entered as 30, not.30). Throwback Inc. Cash Marketable Securities Accounts Receivable PP&E (Net) Total Assets Year 1 110,000.00 50,000.00 80,000.00 700,000.00 940,000.00 Year 2 131,422.00 57,413.00 82,737.00 700,000.00 971,572.00 Year 3 209,999.00 55,960.00 82,249.00 700,000.00 1,048,208.00 Year 4 339,598.00 68,903.00 74,180.00 700,000.00 1,182,681.00 Year 5 571,934.00 74,758.00 68,613.00 700,000.00 1,415,305.00 Accrued Expenses Accounts Payable Common Stock Additional Paid-in Capital Retained Earnings Accumulated OCI Total Liab and Equity 20,000.00 40,000.00 50,000.00 200,000.00 625,000.00 5,000.00 940,000.00 20,383.00 36,765.00 50,000.00 200,000.00 652,011.00 12,413.00 971,572.00 21,744.00 35,809.00 50,000.00 200,000.00 729,695.00 10,960.00 1,048,208.00 20,939.00 39,143.00 50,000.00 200,000.00 848,696.00 23,903.00 1,182,681.00 21,203.00 40,263.00 50,000.00 200,000.00 1,074,081.00 29,758.00 1,415,305.00 Sales Cost of Sales G&A Expenses Operating Income Tax Expense Net Income 1,000,000.00 550,000.00 300,000.00 150,000.00 52,000.00 98,000.00 925,191.00 575,124.00 272,130.00 77,937.00 50,926.00 27,011.00 982,606.00 556,227.00 298,958.00 127,421.00 49,737.00 77,684.00 1,041,199.00 593,949.00 277,849.00 169,401.00 50,400.00 119,001.00 1,074,173.00 548,828.00 251,911.00 273,434.00 48,049.00 225,385.00Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started