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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 |
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|
Sales |
$ |
$ 271,800 |
$ 253,680 |
$ 235,560 |
$ 151,000 |
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|
Cost of goods sold |
129,200 |
123,080 |
116,280 |
107,440 |
68,000 |
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|
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. |
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At December 31 |
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|
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 |
