accounting II chapter 14 Quiz.docx

accounting II chapter 14 Quiz.docx - CenturyCentury...

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CenturyCentury  Corporation's net revenues from  20112011  to  20152015  were as follows (in millions of dollars): bullet $ 16 comma 320$16,320(20152015) bullet $ 11 comma 040$11,040(20142014) bullet $ 10 comma 750$10,750(20132013) bullet $ 9 comma 620$9,620 (20122012) bullet $ 8 comma 670$8,670 (20112011) Calculate trend percentages for the five-year period using  20112011  as the base year. (Round your answers to the nearest whole percent.) Century Trend Base Year Data (in millions) 2015   2014   2013   2012   2011   Sales revenue $16,320 $11,040 $10,750 $9,620 $8,670 Trend percentage   %   %   %   %   % Enter any number in the edit fields and then continue to the next question.   Skill  Builder Select  20152015  financial data for  SunburstSunburst  Corporation is as follows (in millions of dollars): bullet Current assets $ 4 comma 460.5$4,460.5 bullet Inventory  $ 1 comma 230.7$1,230.7  (end of fiscal  20152015)  and  $ 923.5$923.5  (end of fiscal  20142014) bullet Current liabilities $ 2 comma 523.4$2,523.4 bullet Cost of goods sold $ 6 comma 103.2$6,103.2
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1. Calculate the current ratio. 2.  Calculate  inventory turnover. 1. Calculate the current ratio. First enter the formula, then compute the current ratio. (Enter amounts in the formula to the nearest tenth  of a million, $X,XXX.X. Round the current ratio to two decimal places.)   /   = Current ratio   /   =   2.  Calculate  inventory turnover. First enter the formula, then compute inventory turnover. (Round amounts in the formula to the nearest  tenth of a million, $X,XXX.X. Round the inventory turnover ratio to two decimal places.)   /   = Inventory turnover   /   =   Choose from any list or enter any number in the input fields and then continue to the next question. SetterSetter  Corporation's annual sales and net income data for the years  20092009dash 20152015  as well as the company's  20152015  and  20142014  comparative income statements (adapted) are presented below. LOADING... (Click  on the icon to view annual sales and net income data for the years  20092009dash 20152015.) LOADING... (Click  the icon to view the comparative income statement.) Read the  requirements   LOADING...
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  • Spring '15
  • SMITH
  • Balance Sheet, Generally Accepted Accounting Principles, Cartwright'sCartwright, Setter Corporation

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