Question
Managerial Accounting 1B
Financial and Managerial Accounting
Chapter 13
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.)
Exercise 13-7 Common-size percents L.O. P2
Sanderson Company’s year-end balance sheets follow.
At December 31
2012
2011
2010
Assets
Cash
$
30,800
$
35,625
$
36,800
Accounts receivable, net
88,500
62,500
49,200
Merchandise inventory
111,500
82,500
53,000
Prepaid expenses
9,700
9,375
4,000
Plant assets, net
277,500
255,000
229,500
Total assets
$
518,000
$
445,000
$
372,500