FSA 5-2 Comparative Analysis LO A3 Comparative figures for Apple and Google follow. $ millions Inventory Cost of sales Current Year $ 3,956 163,756 Apple Google Apple One Year Two Years Prior Prior $4,855 $ 2,132 131,376 141,048 Complete this question by entering your answers in the tabs below. Inventory Turnover Current Year Required: 1. Compute inventory turnover for each company for the most recent two years shown. 2. Compute days' sales in inventory for each company for the three years shown. 3. Did the current year inventory turnover underperform or outperform the industry's average turnover of 15 in the case of (a) Apple and (b) Google? Required 1 Required 2 Required 3 Compute inventory turnover for each company for the most recent two years shown. Note: Do not round intermediate calculations. Round your answers to 1 decimal place. times times Current Year $ 1,107 59,549 Google One Year One Year Prior times times Prior $ 749 45,583 Required 1 Two Years Prior Required 2 > $268 35,138

FSA 5-2 Comparative Analysis LO A3 Comparative figures for Apple and Google follow. $ millions Inventory Cost of sales Current Year $ 3,956 163,756 Apple Google Apple One Year Two Years Prior Prior $4,855 $ 2,132 131,376 141,048 Complete this question by entering your answers in the tabs below. Inventory Turnover Current Year Required: 1. Compute inventory turnover for each company for the most recent two years shown. 2. Compute days' sales in inventory for each company for the three years shown. 3. Did the current year inventory turnover underperform or outperform the industry's average turnover of 15 in the case of (a) Apple and (b) Google? Required 1 Required 2 Required 3 Compute inventory turnover for each company for the most recent two years shown. Note: Do not round intermediate calculations. Round your answers to 1 decimal place. times times Current Year $ 1,107 59,549 Google One Year One Year Prior times times Prior $ 749 45,583 Required 1 Two Years Prior Required 2 > $268 35,138

Financial & Managerial Accounting

14th Edition

ISBN:9781337119207

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter20: Variable Costing For Management Analysis

Section: Chapter Questions

Problem 3ADM: Apple Inc.: Segment revenue analysis Segment disclosure by Apple Inc. provides sales information for...

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Apple Inc.: Segment revenue analysis Segment disclosure by Apple Inc. provides sales information for its major product lines for three recent years as follows (in millions): A. Which product had the greatest percentage of Year 3 sales? Which product had the least percentage of Year 3 sales? (Round to nearest whole percent.) B. Which product grew the most in sales, in percentage terms, using Year 1 as the base year? (Round to nearest whole percent.)
Financial statement data for years ending December 31 for Holland Company follow: a. Determine the inventory turnover for 20Y4 and 20Y3. b. Determine the days sales in inventory for 20Y4 and 20Y3. Use 365 days and round to one decimal place. c. Does the change in inventory turnover and the days sales in inventory from 20Y3 to 20Y4 indicate a favorable or an unfavorable trend?
Comparative figures for Apple and Google follow. Apple One Year Prior $ 3,956 163,756 $ millions Inventory Cost of sales Current Year $ 4,106 161,782 Apple Google Inventory Turnover Required: 1. Compute inventory turnover for each company for the most recent two years shown. 2. Compute days' sales in inventory for each company for the three years shown. 3. Did the current year inventory turnover underperform or outperform the industry's average turnover of 15 in the case of (a) Apple and (b) Google? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute inventory turnover for each company for the most recent two years shown. Note: Do not round intermediate calculations. Round your answers to 1 decimal place. Current Year Two Years Prior $ 4,855 141,048 times times Current Year $ 999 71,896 One Year Prior times times Required 1 Google One Year Prior $ 1,107 59,549 Required 2 > Two Years Prior $ 749 45,583 Check
ded M Comparative figures for Apple and Google follow. $ millions Inventory Cost of goods sold Apple Current Year One Year Prior $ 4,106 $ 3,956 161,782 163,756 Apple Google Two Years Prior Complete this question by entering your answers in the tabs below. Inventory Turnover Current Year 141,948 Required: 1. Compute inventory turnover for each company for the most recent two years shown. 2. Compute days' sales in inventory for each company for the three years shown. 3. Did the current year inventory turnover underperform or outperform the industry's average turnover of 15 in the case of (a) Apple and (b) Google? times times Current Year One Year Prior $ 1,107 59,549 Required 1 Required 2 Required 3 Compute inventory turnover for each company for the most recent two years shown. (Do not round intermediate calculations. Round your answers to 1 decimal place.) One Year Prior times times Google Two Years Prior Required 2 > 45,583
Exercise 17-5 (Algo) Determining income effects from common-size and trend percents LO P1, P2 Common-size and trend percents for Roxi Company's sales, cost of goods sold, and expenses follow. Common-Size Percents 1 Year Ago 100.0% 61.2 13.8 Sales Cost of goods sold Operating expenses Current Year 100.0% 63.4 14.3 Change in Net Income Net Income Trend Percents 1 Year Ago 103.4% 109.5 101.2 2 Years Current Ago Year 100.0% 104.6% 57.8 114.7 14.1 106.2 Determine the net income for the following years. Did the net income increase, decrease, or remain unchanged in this three-year period? Complete this question by entering your answers in the tabs below. Did the net income increase, decrease, or remain unchanged in this three-year period? Did the net income increase, decrease, or remain unchanged in this three-year period?
Brief Exercise 6-16 Calculate inventory ratios (LO6-7) Use the following information: Net sales $150,000 Cost of goods sold Beginning inventory Ending inventory 100, 000 35,000 25,000 a. Calculate the inventory turnover ratio. (Round your answer to 1 decimal place.) Inventory turnover ratio times b. Calculate the average days in inventory. (Assume 365 days in a year. Round your intermediate calculations and final answer to 1 decimal place.) Average days in inventory | days c. Calculate the gross profit ratio. (Round your answer to 2 decimal place.) Gross profit ratio %
#becausesneaker.... HW CH 17 Vertical Analysis of Income Statement Revenue and expense data for Innovation Quarter Inc. for two recent years are as follows: Current Year Previous Year Sales Cost of merchandise sold Selling expenses Administrative expenses Income tax expense Custom Order Sales Cost of merchandise sold Selling expenses a. Prepare an income statement in comparative form, statin each item for both years as a percent of sales. If required, round percentages to one decimal place. Enter all amounts as positive numbers. Administrative expenses Income tax expense $483,000 280,140 82,110 86,940 14,490 Innovation Quarter Inc. Comparative Income Statement For the Years Ended December 31 Current year Amount $483,000 280,140 82,110 86,940 14,490 percentage points, and administrative expenses net income as a percent of sales Current year Percent % % % % % % $420,000 218,400 79,800 71,400 21,000 % % % Previous year Amount $420,000 218,400 79,800 71,400 21,000 Previous year Percent b.…
Financial statement data for years ending December 31 for Holland Company follow: 20Υ4 20Υ3 Cost of merchandise sold $4,504,500 $3,715,200 Inventories: Beginning of year End of year 788,000 760,000 850,000 788,000 a. Determine the inventory turnover for 20Y4 and 20Y3. b. Determine the days' sales in inventory for 20Y4 and 20Y3. Use 365 days and round to one decimal place. c. Does the change in inventory turnover and the days' sales in inventory from 20Y3 to 20Y4 indicate a favorable or an unfavorable trend?
Financial statement data for years ending December 31 for Tango Company follow: 20Υ7 20Υ6 Cost of merchandise sold $3,864,000 $4,001,500 Inventories: Beginning of year End of year 770,000 740,000 770,000 840,000 a. Determine the inventory turnover for 20Y7 and 20Y6. b. Determine the days' sales in inventory for 20Y7 and 20Y6. Use 365 days and round to one decimal place. c. Does the change in inventory turnover and the days' sales in inventory from 20Y6 to 20Y7 indicate a favorable or an unfavorable trend?
Required A Required B Perform a vertical analysis, showing each income statement component as a percentage of sales for each year. (Percentages may not add exactly due to rounding. Round your percentage answers to 1 decimal place. (i.e., 0.234 should be entered as 23.4).) STUART COMPANY Vertical Analysis of Income Statements Percentage of Sales Year 4 Percentage of Sales Year 3 Sales 100.0 % 100.0 % Cost of goods sold 70.5 66.2 Selling expenses Administrative expenses Interest expense Total expenses Income before taxes Income taxes expense Net income %
Cost of merchandise sold Inventory, end of year Inventory, beginning of the year $894,000 78,000 92,000 Determine the inventory turnover ratio and the days' sales in inventory for Castle Inc. Round to two decimal places. Use a 365-day year. Inventory turnover Days' Sales in Inventory days
The financial statements of CVS Caremark reported the following information (in millions): CVS Caremark Year 2 Year 1 Net sales $126,761 $123, 120 Cost of sales 102,978 100,632 Inventories, net 11, 045 11,032 The inventory turnover ratio for Year 2 is: Group of answer choices 9.33 8.32 10.22 11.48