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Problem 17-1A _BENNINGTON COMPANY_Financial Analyasis

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Question;Problem 17-1A 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;BENNINGTON COMPANY;Comparative;Income Statements;For;Years Ended December 31, 2012, 2011, and 2010;2012;2011 2010;Sales;$ 504,672 $ 386,620 $ 268,300;Cost;of goods sold 303,813 242,797 171,712;Gross profit 200,859 143,823 96,588;Selling;expenses 71,663 53,354 35,416;Administrative;expenses 45,420 34,023 22,269;Total expenses 117,083 87,377 57,685;Income before taxes 83,776 56,446 38,903;Income;taxes 15,582 11,571 7,897;Net income $ 68,194 $ 44,875 $ 31,006;BENNINGTON COMPANY;Comparative;Balance Sheets;December;31, 2012, 2011, and 2010;2012;2011 2010;Assets;Current;assets $ 52,257 $ 40,885 $ 54,653;Long-term;investments 0 600 3,490;Plant;assets, net 100,095;106,455 64,425;Total assets $;152,352 $ 147,940 $ 122,568;Liabilities and Equity;Current;liabilities $;22,243 $ 22,043 $ 21,449;Common;stock 67,000 67,000 49,000;Other;paid-in capital 8,375 8,375 5,444;Retained;earnings 54,734 50,522 46,675;Total liabilities and equity $ 152,352 $ 147,940;$ 122,568;references 1.value: 2.00;points;Problem;17-1A Part 1;Required;1. Compute;each year's current ratio. (Round your answers to 1 decimal place.);Current ratio December 31, 2012: to;Current;ratio December 31, 2011: to;Current;ratio December 31, 2010: to;eBook;Links (3) references;2.value: 2.00 points;Problem;17-1A Part 2;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.);BENNINGTON;COMPANY;Common-Size;Comparative Income Statements;For;Years Ended December 31, 2012, 2011, and 2010;2012;2011 2010;Sales;% % %;Cost;of goods sold;Gross profit;Selling;expenses;Administrative;expenses;Total expenses;Income before taxes;Income;taxes;Net income % % %;eBook Links (3)references;3.value;2.00;points;Problem;17-1A 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.);BENNINGTON;COMPANY;Balance;Sheet Data in Trend Percents;December;31, 2012, 2011, and 2010;2012;2011 2010;Assets;Current;assets % % %;Long-term;investments;Plant;assets;Total;assets;Liabilities;and Equity;Current;liabilities % % %;Common;stock;Other;contributed capital;Retained;earnings;Total;liabilities and equity

 

Paper#37389 | Written in 18-Jul-2015

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