Managerial Accounting 1B

Financial

and Managerial Accounting

Chapter 13

1.

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.)

2.

Exercise 13-7 Common-size percents L.O. P2

Sanderson Companys year-end

balance sheets follow.

Express the balance sheets in

common-size percents. (Do not round

intermediate calculations and round your final answers to 1 decimal

place. Omit the “%” sign in your response.)

Exercise 13-9 Liquidity analysis and interpretation L.O. P3

[The following information applies to the questions displayed

below.]

Sanderson Companys year-end

balance sheets follow.

The companys income statements

for the years ended December 31, 2012 and 2011, follow. Assume that all sales

are on credit:

Section Break

Exercise 13-9

Liquidity analysis and interpretation L.O. P3

3.Exercise 13-9 Part 1

(1)

Compute days’ sales uncollected.(Use 365 days a year. Do not round intermediate

calculations and roundyour final answers to the nearest whole number.)

4.Exercise 13-9 Part 2

(2)

Compute accounts receivable

turnover.(Round your answers to 1

decimal place.)

2012

2011

5.Exercise 13-9 Part 3

(3)

Compute inventory

turnover.(Round your answers to 1 decimal

place.)

6.Exercise 13-9 Part 4

(4)

Compute days’ sales in

inventory.(Use 365 days a year. Do not

round intermediate calculations and round your final answers to the nearest

whole number.)

2012

2011

Problem 13-1A Ratios, common-size statements, and trend percents

L.O. P1, P2, P3

[The following information applies to the questions displayed

below.]

Selected comparative financial

statements of Bennington Company follow:

7.Problem 13-1A Part 1

Required:

1.

Compute each year’s current

ratio.(Round your answers to 1 decimal

place.)

Current

ratio

December

31, 2012:

Current

ratio

December

31, 2011:

Current

ratio

December

31, 2010:

8.

Problem 13-1A Part 2

2.

Express the income statement data

in common-size percents.(Round your answers

to 2 decimal places. Omit the “%” sign in your response.)

9.

Problem 13-1A Part 3

3.

Express the balance sheet data in

trend percents with 2010 as the base year.(Round

your answers to 2 decimal places. Leave no cells blank – be certain to enter

“0” wherever required. Omit the “%” sign in your

response.)

Managerial Accounting 1BFinancial

and Managerial AccountingChapter 131. Exercise 13-3 Computation and analysis of trend percents L.O. P1 20132012201120102009 Sales$

283,880 $

271,800 $

253,680 $

235,560 $

151,000 Cost of goods sold129,200

123,080

116,280

107,440

68,000

Accounts receivable19,100

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.) 2. Exercise 13-7 Common-size percents L.O. P2Sanderson Companys year-end

balance sheets follow. Express the balance sheets in

common-size percents. (Do not round

intermediate calculations and round your final answers to 1 decimal

place. Omit the “%” sign in your response.) Exercise 13-9 Liquidity analysis and interpretation L.O. P3[The following information applies to the questions displayed

below.]Sanderson Companys year-end

balance sheets follow. The companys income statements

for the years ended December 31, 2012 and 2011, follow. Assume that all sales

are on credit: Section BreakExercise 13-9

Liquidity analysis and interpretation L.O. P3 3.Exercise 13-9 Part 1(1) Compute days’ sales uncollected.(Use 365 days a year. Do not round intermediate

calculations and roundyour final answers to the nearest whole number.) 4.Exercise 13-9 Part 2(2) Compute accounts receivable

turnover.(Round your answers to 1

decimal place.) 2012 2011

5.Exercise 13-9 Part 3(3) Compute inventory

turnover.(Round your answers to 1 decimal

place.) 6.Exercise 13-9 Part 4(4) Compute days’ sales in

inventory.(Use 365 days a year. Do not

round intermediate calculations and round your final answers to the nearest

whole number.) 2012 2011Problem 13-1A Ratios, common-size statements, and trend percents

L.O. P1, P2, P3[The following information applies to the questions displayed

below.]Selected comparative financial

statements of Bennington Company follow: 7.Problem 13-1A Part 1Required:1.Compute each year’s current

ratio.(Round your answers to 1 decimal

place.) Current

ratioDecember

31, 2012:Current

ratioDecember

31, 2011:Current

ratioDecember

31, 2010:

8. Problem 13-1A Part 22.Express the income statement data

in common-size percents.(Round your answers

to 2 decimal places. Omit the “%” sign in your response.) 3.Express the balance sheet data in

trend percents with 2010 as the base year.(Round

your answers to 2 decimal places. Leave no cells blank – be certain to enter

“0” wherever required. Omit the “%” sign in your

response.)