Use the following information to determine the Prior Year and Current Year trend percents for net sales using the Prior Year a base year. (Enter the answers in thousands of dollars.) Current Prior ($ thousands) Year Year $1,155,080 $431,000 565,989 Net sales Cost of goods sold 127,576 Trend Percent for Net Sales: Choose Numerator: IChoose Denominator: Trend Percent %3D Current Year: %3D Prior Year: % %D
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- Juroe Company provided the following income statement for last year: Juroes balance sheet as of December 31 last year showed total liabilities of 10,250,000, total equity of 6,150,000, and total assets of 16,400,000. Required: 1. Calculate the return on sales. (Note: Round the percent to two decimal places.) 2. CONCEPTUAL CONNECTION Briefly explain the meaning of the return on sales ratio, and comment on whether Juroes return on sales ratio appears appropriate.! Required information Use the following information to determine the prior year and current year trend percents for net sales using the prior year as the base year. ($ 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 information ($ thousands) Net sales Cost of goods sold Current Year $ 885,182 396,513 Current Year: Prior Year: Determine the Prior Year and Current Year trend percents for net sales using the Prior Year as the base year. (Enter the answers in thousands of dollars.) Prior Year $ 456,779 137,643 Numerator: Trend Percent for Net Sales: Denominator: Trend Percent 0% 0%
- Determine the Prior Year and Current Year common-size percents for cost of goods sold using net sales as the base. (Ente answers in thousands of dollars.) Current Prior ($ thousands) Year Year $ 805,182 $456,779 396,513 Net sales Cost of goods sold 137,643 Common-Size Percent for Cost of Goods Sold using Net Sales as the base: Choose Numerator: IChoose Denominator: Common-Size Percents Current Year: Prior Year: II IIUse the following information to determine the Prior Year and Current Year trend percents for net sales using the Prior Year as the base year. (Enter the answers in thousands of dollars.) Current Prior ($ thousands) Year Year $ 801,810 $ 453,000 392,887 Net sales Cost of goods sold 134,088 Trend Percent for Net Sales: Choose Numerator: IChoose Denominator: Trend percent Current Year: %3D Prior Year:Use the following selected information from Corolla to determine the Year 1 and Year 2 trend percentages for net sales using Year 1 as the base. Year 2 Year 1 Net sales $ 281,200 $ 232,400 Cost of goods sold 150,900 130,590 Operating expenses 54,240 52,240 Net earnings 29,020 20,820
- Determine the Prior Year and Current Year commonsize percents for cost of goods sold using net sales as the base (Enter the answers in thousands of dollars.)Perform a horizontal analysis for the entry "Gross Sales" shown on the income statement portion below. (Round percentages to one decimal place.) Increase/Decrease Revenue 2019 2018 Amount Percent Gross Sales $277,000 $200,100 $ % Less: Sales Returns and Allowances 14,200 12,400 Net Sales 262,800 187,700 Cost of Goods Sold Merchandise Inventory 31,900 33,800 Net Purchases 60,300 55,500 Goods Available for Sale 92,200 89,300 Less: Merchandise Inventory, Dec. 31 43,000 60,200 Cost of Goods Sold 49,200 29,100 Gross Margin 213,600 158,600Use the following information to determine the Prior Year and Current Year trend percents for net sales using the Year as the base year Enter the answers thousands of dollars.
- How do you calculate net sales? Also... Do you only look at current year data or do you factor previous year data and current year? Thx2) Ratios Based on the information given in picture #1, complete the following ratios for the last TWO years and indicate whether the trend is favorable or unfavorable. Note percentages and times should be to one decimal place (e.g. 14.8%; 5.8x) Liq./Solv. Ratios Current Yr. Prior Yr. Fav/Unfav. Inventory Turnover (X) {Cost of Goods Sold/ Average Inventories} Day's Sales in Inventories (days) {Ending Total Inventories/ Cost of Goods Sold x 365} Debt Ratio (%) {Total Liabilities / Total Assets }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