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##### Financial and Managerial Accounting

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Managerial Accounting 1B;Financial and Managerial Accounting;Chapter 13;1.;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.);2.;Exercise 13-7 Common-size percents L.O. P2;Sanderson Company?s year-end balance sheets follow.;Express the balance sheets in common-size percents. (Do not round intermediate calculations and round your final answers to 1 decimal place. Omit the "%" sign in your response.);Exercise 13-9 Liquidity analysis and interpretation L.O. P3;[The following information applies to the questions displayed below.];Sanderson Company?s year-end balance sheets follow.;The company?s income statements for the years ended December 31, 2012 and 2011, follow. Assume that all sales are on credit;Section Break;Exercise 13-9 Liquidity analysis and interpretation L.O. P3;3.;Exercise 13-9 Part 1;(1);Compute days' sales uncollected.(Use 365 days a year. Do not round intermediate calculations and roundyour final answers to the nearest whole number.);4.;Exercise 13-9 Part 2;(2);Compute accounts receivable turnover.(Round your answers to 1 decimal place.);2012;2011;5.Exercise 13-9 Part 3;(3);Compute inventory turnover.(Round your answers to 1 decimal place.);6.Exercise 13-9 Part 4;(4);Compute days' sales in inventory.(Use 365 days a year. Do not round intermediate calculations and round your final answers to the nearest whole number.);2012;2011;Problem 13-1A Ratios, common-size statements, and trend percents L.O. P1, P2, P3;[The following information applies to the questions displayed below.];Selected comparative financial statements of Bennington Company follow;7.Problem 13-1A Part 1;Required;1.;Compute each year's current ratio.(Round your answers to 1 decimal place.);Current ratio;December 31, 2012;Current ratio;December 31, 2011;Current ratio;December 31, 2010;8.;Problem 13-1A Part 2;2.;Express the income statement data in common-size percents.(Round your answers to 2 decimal places. Omit the "%" sign in your response.);9. Problem 13-1A Part 3;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.)

Paper#30241 | Written in 18-Jul-2015

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