cf_unit_10_assignment_1.doc - BUS4061 Unit 10 Assignment 1 Problem 13-2B Part 1(Show all calculations in this part Current ratio $54,860 $22,370 = 2.5-1

cf_unit_10_assignment_1.doc - BUS4061 Unit 10 Assignment 1...

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BUS4061 Unit 10 Assignment 1 Problem 13-2B Part 1 (Show all calculations in this part.) Current ratio: December 31, 2017 $54,860 / $22,370 = 2.5-1 December 31, 2016 $32,660 / $19,180 = 1.7-1 December 31, 2015 $36,300 / $16,500= 2.2-1 Part 2 BLUEGRASS CORPORATION Common-Size Comparative Income Statements For Years Ended December 31, 2017, 2016, and 2015 2017 2016 2015 Sales 100% 100% 100% Cost of goods sold 54.77 51.91 46.04 Gross profit 45.23 48.09 53.96 Selling expenses 11.41 11.92 12.52 Administrative expenses 8.43 8.80 10.92 Total expenses 19.84 20.72 23.44 Income before taxes 25.39 27.36 30.53 Net income 3.04 3.56 3.69 Income taxes 22.34% 23.80% 26.84% *Some totals do not reconcile due to rounding. 1
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BUS4061 Part 3 BLUEGRASS CORPORATION Balance Sheet Data in Trend Percents December 31, 2017, 2016, and 2015 2017 2016 2015 Assets Current assets 151.13%
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  • Spring '19
  • Balance Sheet, Generally Accepted Accounting Principles, Bluegrass Corporation

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