skip to Main Content

The smarter way
to do assignments.

Please note that this is just a preview of a school assignment posted on our website by one of our clients. If you need assistance with this question too, please click on the Order button at the bottom of the page to get started.

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.)

GET HELP WITH THIS ASSIGNMENT TODAY

Clicking on this button will take you to our custom assignment page. Here you can fill out all the additional details for this particular paper (grading rubric, academic style, number of sources etc), after which your paper will get assigned to a course-specific writer. If you have any issues/concerns, please don't hesitate to contact our live support team or email us right away.

How It Works        |        About Us       |       Contact Us

© 2018 | Intelli Essays Homework Service®