Multiple ChoicesA company's sales in 2010 were P300,000and in 2011 were P351,000. Using 2010 asthe base year, the sales trend percent for2011 is: *Choose17%85%orted net sales ofd P360,000 in the100%12,respectively. Ifiat is the trend117%48% Classroom .ıl LTE3:39 PM72%What is the company's return on asset?Choose21.71et profit margin?25.8432.9238.7. What is the company's days receivable? *ChooseWhat is the company's quick ratio? *ChooseBackSubmitNever submit passwords through Google Forms.

Note: Since you have posted multiple questions, we will solve the first question. Please submit a…

A company's sales in 2010 were P300,000 and in 2011 were P351,000. Using 2010 as the base year, the sales trend percent for 2011 is: Choose 17% 85% orted net sales of d P360,000 in the 100% 12,respectively. If iat is the trend 117% 48%

A company's sales in 2010 were P300,000 and in 2011 were P351,000. Using 2010 as the base year, the sales trend percent for 2011 is: Choose 17% 85% orted net sales of d P360,000 in the 100% 12,respectively. If iat is the trend 117% 48%

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Q: ABM Marketing present the following sales and cost of sales figures during its operation in the last…

A: When the cost is divided by revenue it is known as the cost ratio. It is represented in percentages.…

Q: X-1 Corp's total assets at the end of last year were $440,000 and its EBIT was $55,000. What was its…

A: The basic earning power ratio is another profitability ratio (BEP). The goal of BEP is to assess how…

Q: Use the following information to determine the Prior Year and Current Year trend percents for net…

A: Trend analysis is the tool used to analyze the financial statements. It is the also used to predict…

Q: Save Mivatin Products Ltd. reported the following on its 2011 comparative income statement:…

A: Horizontal analysis - Horizontal Analysis is part of the analysis in which individuals get the idea…

Q: The sales and profit during the years were as follows : Profit Year Sales 2010 2,40,000 30,000 2011…

A: The solution is given below

Q: Ash Company reported sales of $440,000 for Year 1, $490,000 for Year 2, and $540,000 for Year 3.…

A: Trend percent = Current Years Sales/Previous Year Sales x 100

Q: Revenue and expense data for Innovation Quarter Inc. for two recent years are as follows: Current…

A: Gross Profit - Selling expenses - Administrative expenses = Operating Income Operating Income -…

Q: Sales in the year 2017 was 30000 OMR and 2018 it was 45000 whereas net profit in the year 2017 was…

A: PV Ratio = Change in ContributionChange in Salesx 100

Q: A company’s sales in the prior year were $300,000 and in the current year were $351,000. Using the…

A: Trend Analysis: Trend analysis is one form of horizontal analysis. It helps the user to calculate…

Q: Pharoah Company reported net sales of $407000, $454000, and $545380 in the years 2021, 2022, and…

A: Horizontal analysis is a financial technique that represents changes in the amounts of financial…

Q: A company's sales in 2010 were P300,000 and in 2011 were P351,000. Using 2010 as the base year, the…

A: The sales trend percent for 2011 is: 117% Calculation of sales trend percent for 2011 is:…

Q: Find the following ratios for Motorola Credit Corporation’s annual report (round to the nearest…

A: The ratio refers to determining the relation between two figures. In accounting, ratios are…

Q: Plano Corporation reported net income P24,000; net sales P400,000; and average assets P600,000 for…

A: Profit margin ratio is the ratio of net income with net sales of the business. It means how much a…

Q: Assume the following sales data for a company: Year 2 $562,500 Year 1 $450,000 What is the…

A: SOLUTION- FORMULA= PERCENTAGE INCREASE IN SALES FROM YEAR 1 TO YEAR 2= CHANGE IN SALES FROM YEAR 1…

Q: tems 20 through 24 are based on the following: The management of Bataan Corporation asked you to…

A: Let the sale price per unit for 2020 be 'P 100'.

Q: S18-2 Trend analysis Mariner Ltd reported the following revenues and profit amounts: (In millions)…

A: Trend analysis refers to horizontal analysis which includes comparison of items of financial…

Q: What's the company's profit margin?

A: Profit Margin: This ratio tells the measurement of the business profitability. It is computed by…

Q: I need help and i need the excel functions (answers by using excel)

A: Computation:

Q: Returns for the Dayton Company over the last 3 years are shown below. What's the standard deviation…

A: Solution:- Standard deviation means the average of square deviations around the mean. So, Standard…

Q: Assume the following sales data for a company: Current year$832,402 Preceding year608,082 What is…

A: The % increase in sales is calculated as increase in sales in current year divided by previous year…

Q: A company’s sales in the prior year were $300,000 and in the current year were $351,000. Using the…

A: Horizontal analysis is prepared to calculate the variance from previous year by showing…

Q: Stackhouse Industries had the following operating results for 2020: sales = $54,510; cost of goods…

A: Answer a. Earnings before interest and tax(EBIT) = Sales - Cost of Goods Sold - Depreciation Expense…

Q: Pro forma income statement. Given the income statement in the popup window, E, for California Cement…

A: A component of the financial statement of a company that provides information regarding the profit…

Q: A consumer products company reported a 25 percent increase in sales from last year to this…

A: Given information is: A consumer products company reported a 25 percent increase in sales from last…

Q: Calculate profitability measures The following information was available for the year ended December…

A: Hi student Since there are multiple sub parts, we will answer only first three sub parts.

Q: The following information is available for Crest Company: Annual Data 2013 2012 Sales revenue…

A: Given the following information: Sales revenue:2013: $6,600,0002012: $6,000,000 Cost of goods sold:…

Q: he following data represents the annual sales of a Digitech Automation products SAOG. Year 2014 2015…

A: The question is related to Least Square method. The equation of least square line is given by Y = a…

Q: The trend of a company's sales in units have been found to be represented by Y= 2.4X +300, where Y=…

A: Given, Y = 2.4X+300 where Y = sales units X = accounting period reference

Q: If average inventory is P80,000 and the inventory turnover ratio is 20, how much is the cost of…

A: Calculate the costs of goods sold (COGS) by multiplying the average inventory which is P80,000 with…

Q: Sales forecasts. For the prior three years, sales for National Beverage Company have been…

A: Sales growth rate for 2012 = (sales 2012 - sales 2011) /sales 2011

Q: I need to find which year had the better performance . if : this years information : returns 8%…

A: NET SALES IN CURRENT YEAR = 756000 RETURN ON SALES FOR CURRENT YEAR = 8% GROSS SALES OF PREVIOUS…

Q: Use the following information to determine the Prior Year and Current Year trend percents for net…

A: Trend Percent for Net Sales: Choose Numerator: / Choose Denominator: / = Trend…

Q: Use the following information to determine the Prior Year and Current Year trend percents for net…

A: Solution... Trend % of net sales Choose numerator / choose denominator…

Q: f sales were $850,000 in 2021 and $986,000 in 2020, by what percent did sales increase or decrease…

A: Horizontal analysis: The comparison of an item of a financial statement of one year against the same…

Q: 7. The following table shows annual sales and annual rates of sales growth from 2005 to 2010. 2005…

A: compound annual growth rate i.e. CAGR is the internal average growth rate captured between the…

Q: A 2011 income statement shows the following figures in millions: Net Sales $23.5, Returns $.5, Cost…

A: Sales are the base for vertical analysis therefore it shows 100% and all the other percentages are…

Q: The sales data for Lonestar Sports Apparel Company for the last 12 years are as follows: 2001…

A: Compound Growth rates are used to compare investment returns to determine which investment has…

Question

Multiple Choices
A company's sales in 2010 were P300,000
and in 2011 were P351,000. Using 2010 as
the base year, the sales trend percent for
2011 is: *
Choose
17%
85%
orted net sales of
d P360,000 in the
100%
12,respectively. If
iat is the trend
117%
48%

Classroom .ıl LTE
3:39 PM
72%
What is the company's return on asset?
Choose
21.71
et profit margin?
25.84
32.92
38.7
. What is the company's days receivable? *
Choose
What is the company's quick ratio? *
Choose
Back
Submit
Never submit passwords through Google Forms.

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step 3

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 3 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

A company’s sales in 2010 were P300,000 and in 2011 were P351,000. Using 2010 as the base year, the sales trend percent for 2011 is: A. 17%B. 85%C. 100%D. 117%E. 48%
If Year 1 sales equal $830, Year 2 sales equal $913, and Year 3 sales equal $1130, the percentage to be assigned for Year 2 in a trend analysis, assuming that Year 1 is the base year, is 110%. 136%. 91%. 124%. eTextbook and Media
Zoobilee Inc. reported the following sales and net income amounts: (in thousands) 2020 2019 2018 2017 9,180 $ 8,990 $ 8,770 $ 8,550 Net income 520 500 460 400 Show Zoobilee's trend percentages for sales and net income. Use 2017 as the base year. Sales.... $ (Round your answers to the nearest percent.) Sales.. Net income.. 2020 % % 2019 % % 2018 % % 2017 100 % 100 %
A company’s sales in the prior year were $300,000 and in the current year were $351,000. Using the prior year as the base year, the sales trend percent for the current year is a. 17%. c. 100%. e. 48%. b. 85%. d. 117%.
Save Mivatin Products Ltd. reported the following on its 2011 comparative income statement: (In millions) 2011 2010 2009 Net sales $148.5 $139.0 $149.5 Cost of sales 129.5 108.0 114.0 Perform a horizontal analysis of net sales, cost of sales, and gross margin, both in dollar amounts and in percentages, for 2011 and 2010. (Round the percentages to one decimal place, X.X%. Use a minus sign or parentheses to indicate a decrease.) Mivatin Products Ltd. Income Statement - (Adapted) For the Year Ended December 31, 2011 and 2010 Increase/(Decrease) (amounts in millions) 2011 2010 2011 2010 2009 Amt. % Amt % Net sales $148.5 $139.0 $149.5 Cost of sales 129.5 108.0 114.0 Gross margin
2sammy Eaolt corPoration rePorted net sales of $300 2015,2016 and 2017 respectively. IF el5 is the base Year, what is the trend e t Percentade for 20l7? 0000,330.000, and $ 360000 in the years, a) 77 6 (b)108% (C) 120% (d) 130%
The following information pertains to JCU Company. All dollar amounts are in thousands. If JCU is computing trend percentages with 2018 as the base year, what % will 2019 sales be? Sales Gross Margin Net operating income Net income Year 2020 $58,000 $17,500 $3,200 $1,750 2019 $51,000 $15,100 $2,850 $1,400 2018 $47,000 $13,800 $2,100 $1,100
Chupapi Inc. has a gross profit ratio of 16.67 % for the year 2020. If Chupapi Inc. has gross profit of P 1,090,000 and P 6,000,000 net sales on year 2021, What would be the gross profit margin of Chupapi Inc, during 2021? * 36.33% 18.17 % 16.57 % 15. 76 %
he following data represents the annual sales of a Digitech Automation products SAOG. Year 2014 2015 2016 2017 2018 Sales (in Millions) OMR 380 440 520 396 514 Use method of least squares to calculate the trend values and the forecast for the future period. Which of the following is the annual sales forecast for the year 2019 using least squares method? a. 539.6 Million OMR b. 584.4 Million OMR c. 606.8 Million OMR d. 562 Million OMR
A 2011 income statement shows the following figures in millions: Net Sales $23.5, Returns $.5, Cost of goods sold $12.9, and Operating Expenses $3.08 do a vertical analysis and round each percent to the nearest for tenth.
1. Angel Trading presents the following sales figures in terms of units. 2014 10 000 2015 11 650 2016 12 395 2017 14 670 2018 18 485 2019 Required: Determine the projected sales on 2019 using either simple moving average or arithmetic geometric curve.
Q. Using 2008 as the base year, prepare a trend analysis of the following data, and tell whether the situation shown by the trends is favorable or unfavorable. (Round your answers to one decimal place.). 2012 2011 2010 2009 2008 Net sales $25,520 $23,980 $24,200 $22,880 $22,000 Cost of goods sold 17,220 15,400 15,540 14,700 14,000 General and administrative expenses 5,280 5,184 5,088 4,896 4,800 Operating income 3,020 3,396 3,572 3,284 3,200