please see attached

Selected comparative financial statements of Bennington Company follow: Sales Cost of goods sold Gross profit Sellin g expens es Admi nistrati ve expens es Total expens es Inco me before taxes Inco me taxes Net income BENNINGTON COMPANY Comparative Income Statements For Years Ended December 31, 2012, 2011, and 2010 2012 2011 492,07 376,96 $ $ 0 6 2010 261,60 $ 0 296,22 6 236,73 5 167,42 4 195,84 4 140,23 1 94,176 69,874 52,021 34,531 44,286 33,173 21,713 114,16 0 85,194 56,244 81,684 55,037 37,932 15,193 11,283 7,700 $ 66,491 $ 43,754 $ 30,232 BENNINGTON COMPANY Comparative Balance Sheets December 31, 2012, 2011, and 2010 2012 2011 2010 Asset s Curre nt assets Longterm invest $ 47,337 $ 37,036 $ 49,508 0 500 3,770 ments Plant assets, net Total assets Liabi lities and Equity Curre nt liabiliti es Com mon stock Other paid-in capital Retai ned earnin gs Total liabiliti es and equity 85,260 $ 132,59 7 91,221 $ 53,397 128,75 7 $ 106,67 5 $ 19,359 $ 19,185 $ 18,668 67,000 67,000 49,000 8,375 8,375 5,444 37,863 34,197 33,563 $ 132,59 7 $ 128,75 7 $ 106,67 5 references Learning Objective: 17-P1 Explain and Learning Objective: 17-P3 Define and apply methods of horizontal analysis. apply ratio analysis. Learning Objective: 17-P2 Describe and apply methods of vertical analysis. Section Break Difficulty: Hard 1. value: 25.00 points Required: 1. Compute each year's current ratio. (Round your answers to 1 decimal place.) Current ratio December 31, to Current ratio Current ratio 2012: December 31, 2011: December 31, 2010: to to eBook Links (3) references Learning Objective: 17-P1 Explain and Learning Objective: 17-P3 Define and apply methods of horizontal analysis. apply ratio analysis. Learning Objective: 17-P2 Describe and apply methods of vertical analysis. Worksheet Difficulty: Hard 2. value: 25.00 points 2. Express the income statement data in common-size percents. (Percents are rounded to two decimals and thus may not exactly sum to totals and subtotals. Round your answers to 2 decimal places. Omit the "%" sign in your response.) Sales Cost of goods sold BENNINGTON COMPANY Common-Size Comparative Income Statements For Years Ended December 31, 2012, 2011, and 2010 2012 2011 2010 % % % Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income taxes Net income % % % eBook Links (3) references Worksheet Difficulty: Hard Learning Objective: 17-P1 Explain and Learning Objective: 17-P3 Define and apply methods of horizontal analysis. apply ratio analysis. Learning Objective: 17-P2 Describe and apply methods of vertical analysis. 3. value: 25.00 points 3. Express the balance sheet data in trend percents with 2010 as the base year. (Round your answers to 2 decimal places. Leave no cells blank - be certain to enter "0" wherever required. Omit the "%" sign in your response.) BENNINGTON COMPANY Balance Sheet Data in Trend Percents December 31, 2012, 2011, and 2010 2012 2011 Assets Current assets Long-term investments Plant assets 2010 % % % % % % Total assets Liabilities and Equity Current liabilities Common stock Other contributed capital Retained earnings Total liabilities and equity