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Managerial Accounting 1B Ch13

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Question

 

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.)

 

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