17-3
Formula Exercise for Trend % is (Analysis period amount/Base period amount)X100
2013 Sales............................... Cost of goods sold ....... Accounts receivable .....
2012
2011
2010
2009 100 100 100
Exercise 17-7 Common Size %, for Assets Use Total Assets as 100% so divide all assets by total assets. For Liabilities & Equity use Total liabilities & equity as 100% and divide all liabilities & equity accounts by Total Liabilities & Equity Sanderson Company Common-Size Comparative Balance Sheets December 31, 2010-2012 2012 Cash .................................................... receivable, Accounts net ................... Merchandise inventory ...................... Prepaid expenses ............................... Plant assets, net ................................ Total assets ........................................ Accounts payable .............................. Long-term notes payable secured by mortgages on plant assets ......... Common stock, $10 par value .......... Retained earnings ............................. Total liabilities and equity .................
*
2011*
2010*
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
Column does not equal 100.0 due to rounding.