ACC 561 Week 3 Assignment WileyPLUS Flashcards
ACC 561 Week 3 Assignment WileyPLUS
ACC 561 Week 3 Assignment WileyPLUS
Brief Exercise 13-4
Using these data from the comparative balance sheet of Rosalez Company, perform horizontal analysis. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 0 decimal places, e.g. 12%.)
Increase or (Decrease)
Dec. 31, 2012
Dec. 31, 2011
Amount
Percentage
Accounts receivable
$ 488,200
$ 360,000
Inventory
$ 818,100
$ 601,200
Total assets
$3,173,600
$2,774,300
Brief Exercise 13-5
Using these data from the comparative balance sheet of Rosalez Company, perform vertical analysis. (Round percentages to 1 decimal place, e.g. 12.5%.)
Dec. 31, 2012
Dec. 31, 2011
Amount
Percentage
Amount
Percentage
Accounts receivable
$ 544,700
Entry field with incorrect answer
$ 393,300
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Inventory
$ 804,600
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$ 609,700
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Total assets
$3,137,000
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$2,763,400
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Brief Exercise 13-8 (Essay)
Vertical Analysis
2012
2011
2010
Sales
100
%
100
%
100
%
Cost of goods sold
- 2
- 6
- 7
Expenses
- 8
- 3
- 0
Vertical analysis (common-size) percentages for Vallejo Company’s sales, cost of goods sold, and expenses are listed here.
Did Vallejo’s net income as a percent of sales increase, decrease, or remain unchanged over the 3-year period? Provide numerical support for your answer.
Brief Exercise 13-9 (Essay)
Horizontal analysis (trend analysis) percentages for Spartan Company’s sales, cost of goods sold, and expenses are listed here.
Horizontal Analysis
2012
2011
2010
Sales
96.2
%
104.8
%
100.0
%
Cost of goods sold
- 0
- 0
- 0
Expenses
- 6
- 4
- 0
Explain whether Spartan’s net income increased, decreased, or remained unchanged over the 3-year period.
Brief Exercise 13-15
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Selected data taken from a recent year’s financial statements of trading card company Topps Company, Inc. are as follows (in millions).
Net sales
$326.7
Current liabilities, beginning of year
41.1
Current liabilities, end of year
62.4
Net cash provided by operating activities
10.4
Total liabilities, beginning of year
65.2
Total liabilities, end of year
73.2
Capital expenditures
3.7
Cash dividends
6.2
Compute these ratios: current cash debt coverage ratio, cash debt coverage ratio, and free cash flow. Provide a brief interpretation of your results. (Round answers to 2 decimal places, e.g. 0.12.)
Current cash debt coverage ratio
Cash debt coverage ratio
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Free Cash Flow
Brief Exercise 13-13
Staples, Inc. is one of the largest suppliers of office products in the United States. It had net income of $738.7 million and sales of $24,275.5 million in 2009. Its total assets were $13,073.1 million at the beginning of the year and $13,717.3 million at the end of the year. What is Staples, Inc.’s asset turnover ratio and profit margin ratio? (Round answers to 2 decimal places, e.g. 1.25 or 2.05%.)
Asset turnover ratio
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Profit margin ratio
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Brief Exercise 13-10
These selected condensed data are taken from recent balance sheets of Bob Evans Farms (in thousands).
2009
2008
Cash
$ 13,606
$ 7,669
Accounts receivable
23,045
19,951
Inventories
31,087
31,345
Other current assets
12,522
11,909
Total current assets
$ 80,260
$ 70,874
Total current liabilities
$245,805
$326,203
Compute the current ratio for each year. (Round answers to 2 decimal places, e.g. .12 : 1.)
2009
2008
Current ratio:
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