Principles of Financial Accounting.
24th Edition
ISBN: 9781260158601
Author: Wild
Publisher: MCG
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Chapter 17, Problem 3QS
To determine
Compute the annual dollar changes and percent changes for each of the following accounts.
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Sales
Cost of goods sold
Accounts receivable
2021
$ 676,574
333,971
32,679
2020
$ 439,334
216,824
25,657
2019
$ 340,569
170,229
23,363
2018
$ 237,330
117,892
13,860
2017
$ 175,800
86,142
12,060
Compute trend percents for the above accounts, using 2017 as the base year. For each of the three accounts, state whether the
situation as revealed by the trend percents appears to be favorable or unfavorable.
2021:
2020:
2019:
2018:
2017:
Trend Percent for Net Sales:
Numerator:
Denominator:
=
Trend percent
=
%
Is the trend percent for Net Sales favorable or unfavorable?
2021:
2020:
2019:
2018:
2017:
Trend Percent for Cost of Goods Sold:
Numerator:
Denominator:
Trend percent
Is the trend percent for Cost of Goods Sold favorable or unfavorable?
%
Maligalig Company
Comparative Statement of Financial Position
December 31
(in Thousand Dollars)
2017
2016
2015
ASSETS
Current Assets
Cash and Cash Equivalents
91,100
12,628
11,254
Short term Investments
193,230
12,000
12,000
Trade Receivables, net of $30,000 allowance
485,000
529,949
510,435
Note Receivable – related party
12,325
18,941
21,543
Other Receivables
80,532
Inventory
212,515
252,567
252,567
Prepaid Insurance
7,500
7,500
7,500
Total Current Assets
1,001,670
914,117
815,299
Non-Current Asset
Property, Plant and Equipment
209,330
209,330
209,330
Less Accumulated Depreciation
87,260
75,332
64,034…
All the numbers are in millions. Please calculate the debt ratio and time interest earned ratio year by year.
Curent Asset
Current Liabilities
Total Liabilities
Total Assets
2016
5,857.9
8,824.3
12,978.2
18,592.9
2017
6,261.3
10,757.7
14,687.7
20,854.2
2018
6,314.2
6,588.0
10,549.4
16,963.6
2019
5,756
6,287
10,821
17,178
2020
5,977
5,653
10,816
17,748
2021
4,950
5,983
10,049
17,000
BKW
Net Cash Provided by operating activities
Operating Income Before Tax
Finance Costs
Cash and cash eqiv &
Accounts receivables
2016
853.0
862.8
- 126.2
1,008.4 + 2,785.0
2017
146.0
1,007.0
- 108. 6
1,249.2 + 2,749.2
2018
72.8
1,066.2
- 88.0
1,177.1 + 2,670.2
2019
60
620
- 142
1,290 + 2,050
2020
137
- 536
- 165
1, 1 1 1 + 1,667
2021
468
295
- 146
1,662 + 1,741
Debt Ratio = Total Liabilities/Total Assets
Times Interest…
Chapter 17 Solutions
Principles of Financial Accounting.
Ch. 17 - A companys sales in the prior year were 300,000...Ch. 17 - Prob. 2MCQCh. 17 - What is Ella Companys acid-test ratio? a. 2.39 b....Ch. 17 - Prob. 4MCQCh. 17 - What is Ella Companys equity ratio? a. 25.78% b....Ch. 17 - Explain the difference between financial reporting...Ch. 17 - Prob. 2DQCh. 17 - Prob. 3DQCh. 17 - Prob. 4DQCh. 17 - Prob. 5DQ
Ch. 17 - Why is working capital given special attention in...Ch. 17 - What does the number of days sales uncollected...Ch. 17 - Prob. 8DQCh. 17 - Prob. 9DQCh. 17 - Prob. 10DQCh. 17 - Prob. 11DQCh. 17 - Prob. 12DQCh. 17 - Prob. 13DQCh. 17 - Refer to Apples financial statements in Appendix...Ch. 17 - Prob. 15DQCh. 17 - Prob. 16DQCh. 17 - Use Samsungs financial statements in Appendix A to...Ch. 17 - Prob. 1QSCh. 17 - Identify which standard of comparison, (a)...Ch. 17 - Prob. 3QSCh. 17 - Prob. 4QSCh. 17 - Prob. 5QSCh. 17 - Prob. 6QSCh. 17 - Mifflin Co. reported the following for the current...Ch. 17 - Prob. 8QSCh. 17 - Prob. 9QSCh. 17 - Prob. 10QSCh. 17 - Prob. 11QSCh. 17 - Prob. 12QSCh. 17 - Prob. 13QSCh. 17 - Prob. 14QSCh. 17 - Which of the following gains or losses would...Ch. 17 - Building blocks of analysis Match the ratio to the...Ch. 17 - Prob. 2ECh. 17 - Prob. 3ECh. 17 - Prob. 4ECh. 17 - Prob. 5ECh. 17 - Prob. 6ECh. 17 - Refer to Simon Companys balance sheets in Exercise...Ch. 17 - Prob. 8ECh. 17 - Prob. 9ECh. 17 - Prob. 10ECh. 17 - Prob. 11ECh. 17 - Prob. 12ECh. 17 - Prob. 13ECh. 17 - Prob. 14ECh. 17 - Prob. 15ECh. 17 - Prob. 16ECh. 17 - In the current year, Randa Merchandising, Inc.,...Ch. 17 - Use the financial data for Randa Merchandising,...Ch. 17 - Selected comparative financial statements of...Ch. 17 - Selected comparative financial statements of...Ch. 17 - Prob. 3APCh. 17 - Selected current year-end financial statements of...Ch. 17 - Comparative ratio analysis Summary information...Ch. 17 - Selected account balances from the adjusted trial...Ch. 17 - Prob. 1BPCh. 17 - Prob. 2BPCh. 17 - Prob. 3BPCh. 17 - Prob. 4BPCh. 17 - Summary information from the financial statements...Ch. 17 - Prob. 6BPCh. 17 - Prob. 17SPCh. 17 - Use Apples financial statements in Appendix A to...Ch. 17 - Prob. 2AACh. 17 - Prob. 3AACh. 17 - Prob. 1BTNCh. 17 - Prob. 3BTNCh. 17 - Prob. 5BTN
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