Answered step by step
Verified Expert Solution
Link Copied!

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

image text in transcribedimage text in transcribed

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 48,049.00 225,385.00

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Essential Controller An Introduction To What Every Financial Manager Must Know

Authors: Steven M. Bragg

2nd Edition

1118169972, 9781118169971

More Books

Students also viewed these Accounting questions

Question

When does the auditor test internal controls?

Answered: 1 week ago

Question

What are the pros and cons of using credit? (p. 321)

Answered: 1 week ago