1.
Introduction: Trend analysis represents the trend percent patterns in data across periods. It considers the previous period as the base period and compares the data trend across periods. Trend percent is computed as follows:
The trend analysis for the income statement and
2.
Introduction: Trend analysis represents the trend percent patterns in data across periods. It considers the previous period as the base period and compares the data trend across periods. Trend percent is computed as follows:
If the sales grow steadily, net income as a percent of sales growth over the past four years, and the inventory increase over this period.
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FIN MANAG. ACCT. (LL) W/CONNECT (1TERM)
- 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.arrow_forwardFinancial statement data for years ending December 31 for Latchkey Company follows: a. Determine the ratio of sales to assets for 2016 and 2015. b. Does the change in the ratio of sales to assets from 2015 to 2016 indicate a favorable or an unfavorable trend?arrow_forwardThe condensed income statements through income from operations for Dell Inc. and Apple Inc. for recent fiscal years follow (numbers in millions of dollars): Prepare comparative common-sized statements, rounding percents to one decimal place. Interpret the analyses.arrow_forward
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