Managerial Accounting 1B Ch13

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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 Company’s 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 Company’s year-end
balance sheets follow.







The company’s 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.)


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