The following presents comparative information of Target and Walmart: Wal-Mart Current Ratio Quick Ratio Debt Ratio Target Current Ratio Quick Ratio Debt Ratio 3Q 2007 0.844 0.133 61.79% 3Q 2007 1.352 0.571 62.67% 3Q 2008 0.872 0.151 60.95% 3Q 2008 1.500 0.661 71.13% Which of the following is correct? 3Q 2009 0.878 0.165 59.73% 3Q 2009 1.580 0.636 67.44% Walmart was more liquid but less solvent than Target. Walmart was less liquid but more solvent than Target. 3Q 2010 0.871 0.219 63.60% 3Q 2010 1.556 0.584 66.85% 3Q 2011 0.880 0.176 63.40% 3Q 2011 1.299 0.462 68.49%

The following presents comparative information of Target and Walmart: Wal-Mart Current Ratio Quick Ratio Debt Ratio Target Current Ratio Quick Ratio Debt Ratio 3Q 2007 0.844 0.133 61.79% 3Q 2007 1.352 0.571 62.67% 3Q 2008 0.872 0.151 60.95% 3Q 2008 1.500 0.661 71.13% Which of the following is correct? 3Q 2009 0.878 0.165 59.73% 3Q 2009 1.580 0.636 67.44% Walmart was more liquid but less solvent than Target. Walmart was less liquid but more solvent than Target. 3Q 2010 0.871 0.219 63.60% 3Q 2010 1.556 0.584 66.85% 3Q 2011 0.880 0.176 63.40% 3Q 2011 1.299 0.462 68.49%

Century 21 Accounting General Journal

11th Edition

ISBN:9781337680059

Author:Gilbertson

Publisher:Gilbertson

Chapter17: Financial Statement Analysis

Section: Chapter Questions

Problem 1AP

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The following presents comparative information of Target and Walmart: Wal-Mart 3Q 2007 3Q 2008 3Q 2009 3Q 2010 3Q 2011 Current Ratio 0.844 0.872 0.878 0.871 0.880 Quick Ratio 0.133 0.151 0.165 0.219 0.176 Debt Ratio 61.79% 60.95% 59.73% 63.60% 63.40% Target 3Q 2007 3Q 2008 3Q 2009 3Q 2010 3Q 2011 Current Ratio 1.352 1.500 1.580 1.556 1.299 Quick Ratio 0.571 0.661 0.636 0.584 0,462 Debt Ratio 62.67% 71.13% 67.44% 66.85% 68.49% Which of the following is correct? Walmart was more liquid but less solvent than Target. Walmart was less liquid but more solvent than Target. O Target was more liquid and solvent than Walmart. O Target was less liquid and solvent than Walmart.
Use the following selected Information from Letterman Corporation to determine the Year 1 and Year 2 common size percentages for cost of goods sold using Net sale Year Year Net sales Cost of goods sold 2$ 538,600 $4 436,200 223,900 135,830 Operating expenses Net earnings 81,640 78,680 41,260 29,260 Multiple Choice 123.5% for Year 2 and 100.0% for Year 1. 7.7% for Year 2 and 6.7% for Year 1. 56.7% for Year 2 and 49.2% for Year 1. 176.3% for Year 2 and 203.3% for Year 1. 41.6% for Year 2 and 31.1% for Year 1.
Choose the letter of the correct answer and pls provide solution thanks Determine the sales or cost of good sold of a firm given the following information: Current ratio = 1.4; Acid-test Ratio = 1.2; Current Liabilities = P1,600.00; Inventory Turnover ratio = 8 a. P1,260.00b. P1,560.00c. P2,260.00d. P2,560.00e. P3,260.00
! Required information Use the following information to determine the prior year and current year trend percents for net sales using the prior year as the base year. ($ thousands) Net sales Cost of goods sold Current Year Prior Year $ 802,971 394,306 $ 454,365 135,325 Current Year: Prior Year: Determine the Prior Year and Current Year common-size percents for cost of goods sold using net sales as the base. (Enter the answers in thousands of dollars.) Common-Size Percent for Cost of Goods Sold using Net Sales as the base: Denominator: Numerator: Analysis period cost of goods sold $ $ Check my work 394,306 / 135,325 / $ 454,365 Common-size percents 0 % 29.78 %
Required A Required B Perform a vertical analysis, showing each income statement component as a percentage of sales for each year. (Percentages may not add exactly due to rounding. Round your percentage answers to 1 decimal place. (i.e., 0.234 should be entered as 23.4).) STUART COMPANY Vertical Analysis of Income Statements Percentage of Sales Year 4 Percentage of Sales Year 3 Sales 100.0 % 100.0 % Cost of goods sold 70.5 66.2 Selling expenses Administrative expenses Interest expense Total expenses Income before taxes Income taxes expense Net income %
GIVE THE COMPARATIVE INCOME STATEMENT HORIZONTAL AND VERTICAL ANALYSIS FROM THE FOLLOWING INCOME STATEMENT BELOW JOLLIBEE INCOME STATEMENT ITEM 2016 2017 2018 2019 2020 Sales/Revenue 113.81B 133.61B 161.17B 179.63B 129.31B Sales Growth - 17.40% 20.62% 11.45% -28.01% Cost of Goods Sold (COGS) incl. D&A - - 132.96B 150.88B 115.39B COGS Growth - - - 13.47% -23.52% COGS excluding D&A 89.27B 105.39B 121.08B 137.38B 100.82B Depreciation & Amortization Expense 4B 4.75B 11.89B 13.5B 14.57B Depreciation 3.93B 4.66B 11.73B 13.34B 14.32B Amortization of Intangibles 68.99M 78.95M 151.82M 145.42M 245.23M Gross Income 20.54B 23.48B 28.21B 28.75B 13.92B Gross Income Growth - 14.30% 20.12% 1.93% -51.57% Gross Profit Margin - - - - 10.77% SG&A Expense - - 17.64B 20.21B 20.42B SGA Growth - - -…
In a common size financial statement, which of the following is given a percentage of 100 percent? Total liabilities Net income Net Sales Cost of goods sold MA MacBook Pro 57 W P # LE
1. Angel Trading presents the following sales figures in terms of units. 2014 10 000 2015 11 650 2016 12 395 2017 14 670 2018 18 485 2019 Required: Determine the projected sales on 2019 using either simple moving average or arithmetic geometric curve.
Sales Cost of goods sold Accounts receivable 2021 $ 611,353 302,063 29,467 2020 $ 399,577 197,543 23,375 2019 $ 313,394 156,763 21,499 2018 $ 213,921 105,871 12,557 2017 $ 153,900 75,411 10,511 Compute trend percents for the above accounts, using 2017 as the base year. For each of the three accounts, state whether the situation as revealed by the trend percents appears to be favorable or unfavorable.
Common-size and trend percents for Roxi Company's sales, cost of goods sold, and expenses follow. P nt 7 erences SC Sales Cost of goods sold Operating expenses Fn Change in Net Income Type here to search Sales Cost of Goods Sold Operating Expenses Net Income Net Income F1 Determine the net income for the following years. Did the net income increase, decrease, or remain unchanged in this three-y period? Complete this question by entering your answers in the tabs below. X Common-Size Percents 1 Year Ago Current Year 100.0% 63.4 14.3 F2 A Determine the net income for the following years. Assuming sales were $100,000 2 yrs ago, what is net income in each year? (Enter all amounts as positive values.) Current Year 100.0% 61.2 13.8 F3 E F6 2 Years Ago 100.0% 100.0 100.0 A + DELL F7 F8 F9 0 F
Please choose correct letter of answer and provide a solution Determine the level of current liabilities of a firm with the following information: Sales/Cost of Good Sold = P5,000.00; Current Ratio = 1.4; Inventory Turnover Ratio = 5; and Acid Test Ratio = 1.0 a. P500.00b. P1,500.00c. P2,500.00d. P3,500.00e. P4,500.00
Exercise 13-3 (Algo) Computing and analyzing trend percents LO P1 Sales Cost of goods sold. Accounts receivable 2021 $ 424,322 214,661 20,580 Numerator: 2020 $ 279,159 141, 180 16,303 2019 $ 218,948 112,924 15,042 Compute trend percents for the above accounts, using 2017 as the base year. For each of the three accounts, state whether the situation as revealed by the trend percents appears to be favorable or unfavorable. Trend Percent for Net Sales: 2021: 2020: 2019: 2018: 2017: Is the trend percent for Net Sales favorable or unfavorable? 2018 $ 153,648 78,724 8,973 Denominator: 2017 $ 116,400 58,200 7,973 11 Trend percent % % ge % % %