u10a1.docx - BUS4061 Unit 10 Assignment 1 Problem 13-2B Part 1(Show all calculations in this part Current ratio = 36300\/16500 = 2.2 = 32660\/19180 = 1.7

u10a1.docx - BUS4061 Unit 10 Assignment 1 Problem 13-2B...

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BUS4061 Unit 10 Assignment 1 Problem 13-2B Part 1 (Show all calculations in this part.) Current ratio: December 31, 2015 = 36300/16500 = 2.2 December 31, 2016 = 32660/19180 = 1.7 December 31, 2017 = 54860/22370 = 2.5 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% 53.94% 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% Income taxes 3.04% 3.56% 3.69% Net income 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% 89.97% 100% Long-term investments 0% 16.04% 100% Plant assets 142.80% 143.87% 100% Total assets 133.18% 117.57% 100% Liabilities and Equity Current liabilities 135.58% 116.24% 100% Common stock 125.68% 125.68% 100% Other paid in capital
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  • Fall '14
  • DennisHart
  • Balance Sheet, Generally Accepted Accounting Principles, 0%, 3.04%, 3.56%, Bluegrass Corporation

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