QuestionManagerial Accounting 1BFinancial and Managerial Accounting

15 May QuestionManagerial Accounting 1BFinancial and Managerial Accounting

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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

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