Managerial Accounting: Tools For Business Decision Making, Seventh Edition Wileyplus Card
7th Edition
ISBN: 9781118680698
Author: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel
Publisher: John Wiley & Sons Inc
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Net sales revenue, net income, and common stockholders' equity for Eyesight Mission Corporation, a manufacturer of contact lenses, follow for a four-year
period.
E (Click the icon to view the net sales revenue, net income, and common equity)
Read the requirements.
Requirement 1. Compute trend analyses for each item for 2017 2019 Use 2016 as the base year, and round to the nearest whole percent.
Begin by computing Eyesight Mission Corporation's trend analysis for net sales revenue, then compute Eyesight Mission Corporation's trend analysis for net
income and finally compute Eyesight Mission Corporation's trend analysis for common stockholders' equity
2019
2018
2017
2016
Net Sales Revenue
$4
766,000
$4
708 000
644 000
664,000
Trend Percentages
100 %
Requirements
2019
2018
2017
2016
766,000 $ 708,000 $ 644,000 $ 664,000
44,000
Net Sales Revenue
$4
Net Income
60,000
38,000
36,000
Ending Common Stockholders' Equity
368,000
352,000
326,000
296,000
Calculate the Current Ratio, Debt Ratio, Return on Assets (ROA) and Return on Equity (ROE). For the ROA and ROE, you should use the average total assets and the average total equity in your calculations. (The average is the total across two years divided by two). Calculate these values for each of 2011-2014. Interpret your calculations: what does this information mean? How is the company doing?
Net sales revenue, net income, and common stockholders' equity for Eyesight Mission Corporation, a manufacturer of contact lenses, follow for a four-year period.
E (Click the icon to view the net sales revenue, net income, and common equity)
Read the requirements.
Requirement 1. Compute trend analyses for each item for 2017-2019. Use 2016 as the base year, and round to the nearest whole percent.
Begin by computing Eyesight Mission Corporation's trend analysis for net sales revenue, then compute Eyesignt Mission Corporation's trend analysis for net income and finally compute Eyesight Mission Corporation's trend analysis for com
2019
2018
2017
2016
Net Sales Revenue
766,000
708,000
644.000
664,000
Trend Percentages
115 %
107 %
97 %
100 %
Net Income
60,000
$4
38,000 $
36.000
2.
44.000
Trend Percentages
136 %
86 %
82 %
100 %
Ending Common Stockholdors' Equity
368,000
352 000 $
326,000 $ 296,000
Trend Percentages
124 %
119 %
110
100 %
% OTI
Requirement 2. Compute the rate of return on…
Chapter 14 Solutions
Managerial Accounting: Tools For Business Decision Making, Seventh Edition Wileyplus Card
Ch. 14 - (a) Jose Ramirez believes that the analysis of...Ch. 14 - (a) Distinguish among the following bases of...Ch. 14 - Prob. 3QCh. 14 - Prob. 4QCh. 14 - Prob. 5QCh. 14 - Prob. 6QCh. 14 - Prob. 7QCh. 14 - What do the following classes of ratios measure?...Ch. 14 - What is the difference between the current ratio...Ch. 14 - Hizar Company, a retail store, has an accounts...
Ch. 14 - Which ratios should be used to help answer the...Ch. 14 - The price-earnings ratio of General Motors...Ch. 14 - What is the formula for computing the payout...Ch. 14 - Holding all other factors constant, indicate...Ch. 14 - Prob. 15QCh. 14 - Prob. 16QCh. 14 - Prob. 17QCh. 14 - Prob. 18QCh. 14 - Prob. 19QCh. 14 - Why is it important to report discontinued...Ch. 14 - You are considering investing in Wingert...Ch. 14 - Prob. 22QCh. 14 - Prob. 23QCh. 14 - You recently received a letter from your Uncle...Ch. 14 - Prob. 14.2BECh. 14 - Using the following data from the comparative...Ch. 14 - Using the same data presented above in BE14-3 for...Ch. 14 - Net income was 500,000 in 2016, 450,000 in 2017,...Ch. 14 - Prob. 14.6BECh. 14 - Prob. 14.7BECh. 14 - Prob. 14.8BECh. 14 - Prob. 14.9BECh. 14 - Prob. 14.10BECh. 14 - The following data are taken from the financial...Ch. 14 - Prob. 14.12BECh. 14 - Prob. 14.13BECh. 14 - Prob. 14.14BECh. 14 - On June 30. Holloway Corporation discontinued its...Ch. 14 - Prob. 14.1DICh. 14 - Prob. 14.2DICh. 14 - In its proposed 2017 income statement. Hrabik...Ch. 14 - Financial information for Kurzen Inc. is presented...Ch. 14 - Operating data for Navarro Corporation are...Ch. 14 - The comparative condensed balance sheets of Gurley...Ch. 14 - The comparative condensed income statements of...Ch. 14 - Suppose Nordstrom, Inc., which operates department...Ch. 14 - Keener Incorporated had the following transactions...Ch. 14 - Frizell Company has the following comparative...Ch. 14 - Prob. 14.8ECh. 14 - Prob. 14.9ECh. 14 - Prob. 14.10ECh. 14 - Wiemers Corporations comparative balance sheets...Ch. 14 - Prob. 14.12ECh. 14 - Prob. 14.13ECh. 14 - Comparative statement data for Farris Company and...Ch. 14 - The comparative statements of Painter Tool Company...Ch. 14 - Prob. 14.3APCh. 14 - Financial information for Messersmith Company is...Ch. 14 - Prob. 14.5APCh. 14 - Prob. 14.6APCh. 14 - Prob. 14.7APCh. 14 - Prob. 14.8APCh. 14 - Prob. 14.9APCh. 14 - Financial Reporting Problem: Apple Inc. Your...Ch. 14 - PepsiCos financial statements are presented at...Ch. 14 - Prob. 14.3BYPCh. 14 - As the CPA for Gandara Manufacturing Inc., you...Ch. 14 - The Management Discussion and Analysis section of...Ch. 14 - Prob. 14.6BYPCh. 14 - Dave Schonhardt, president of Schonhardt...
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