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Chapter 17_Student Worksheet_Spring 2012

Chapter 17_Student Worksheet_Spring 2012 - Merchandise...

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Exercise 17-3 Formula for Trend % is (Analysis period amount/Base period amount)X100 2013 2012 2011 2010 2009 Sales ............................... 100 Cost of goods sold ....... 100 Accounts receivable ..... 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 2011 * 2010 * Cash .................................................... Accounts receivable, net
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Unformatted text preview: .................. Merchandise inventory . ..................... Prepaid expenses . .............................. Plant assets, net ................................ Total assets ........................................ 100.0 % 100.0 % 100.0 % Accounts payable . ............................. Long-term notes payable secured by mortgages on plant assets ......... Common stock, $10 par value . ......... Retained earnings ............................. Total liabilities and equity . ................ 100.0 % 100.0 % 100.0 % * Column does not equal 100.0 due to rounding....
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