Managerial Accounting 1B
Financial and Managerial Accounting
Chapter 13
Exercise 13-3 Computation and analysis of trend percents L.O. P1
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|
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 |
|
|
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|
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
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Sanderson Company s year-end balance sheets follow. |
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At December 31 |
|
2012 |
|
2011 |
|
2010 |
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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 |
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|
|
|
|
|
|
|
|||||
|
Total assets |
$ |
518,000 |
$ |
445,000 |
$ |
372,500 |