Managerial Accounting 1B
Financial and Managerial Accounting
Chapter 13
Exercise 13-3 Computation and analysis of trend percents L.O. P1
|
| 2013 | 2012 | 2011 | 2010 | 2009 |
| Sales | $ 283,880 | $ 271,800 | $ 253,680 | $ 235,560 | $ 151,000 |
| Cost of goods sold | 129,200 | 123,080 | 116,280 | 107,440 | 68,000 |
| Accounts receivable | 19,100 | 18,300 | 17,400 | 16,200 | 10,000 |
| | |||||
| Compute trend percents for the above accounts, using 2009 as the base year. (Omit the “%” sign in your response.) |
Exercise 13-7 Common-size percents L.O. P2
| Sanderson Company s year-end balance sheets follow. |
| At December 31 |
| 2012 |
| 2011 |
| 2010 | ||||
| Assets |
|
|
|
|
|
| ||||
| Cash | $ | 30,800 | $ | 35,625 | $ | 36,800 | ||||
| Accounts receivable, net |
| 88,500 |
| 62,500 |
| 49,200 | ||||
| Merchandise inventory |
| 111,500 |
| 82,500 |
| 53,000 | ||||
| Prepaid expenses |
| 9,700 |
| 9,375 |
| 4,000 | ||||
| Plant assets, net |
| 277,500 |
| 255,000 |
| 229,500 | ||||
| | | | | | | |||||
| Total assets | $ | 518,000 | $ | 445,000 | $ | 372,500 |
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