b. Percentage Change is calculated with the formula (30th June 2021 Value/30th June 2020 Value) - 1 X 100 For example, percentage change in sales = (3,420,000/2,745,000) - 1x 100 = (1.245902 - 1) x 100 = 0.245902 X 100 = 24.590296 Step 2 Given below is the percentage change table using the above formula. 30-Jun-21 30-Jun-20% Change Sales 34,20,000 27,45,000 24.59% Gross Profit 18,25,000 13,65,000 33.70% Overheads 7,70,000 6,30,000 22.22% Net Profit 10,55,000 7,35,000 43.54% Overdrafts 42,000 57,000 -26.32% Long term Loans 6,00,000 8,35,000 -28.14%

b. Percentage Change is calculated with the formula (30th June 2021 Value/30th June 2020 Value) - 1 X 100 For example, percentage change in sales = (3,420,000/2,745,000) - 1x 100 = (1.245902 - 1) x 100 = 0.245902 X 100 = 24.590296 Step 2 Given below is the percentage change table using the above formula. 30-Jun-21 30-Jun-20% Change Sales 34,20,000 27,45,000 24.59% Gross Profit 18,25,000 13,65,000 33.70% Overheads 7,70,000 6,30,000 22.22% Net Profit 10,55,000 7,35,000 43.54% Overdrafts 42,000 57,000 -26.32% Long term Loans 6,00,000 8,35,000 -28.14%

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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! 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 %
prepare a horizontal analysis of revenues and grossin dollar amounts and in 2019 and 2018. (Enter amounts in millions as provided to you in the problem statement. Round the percentages to one decimal place, X.X%. Use a minus sign or parentheses to indicate a decrease.) (In millions) 2019 2018 2017 Revenue $9,575 $9,300 $8,975 cost of goods sold $6,250 $6,000 $5,890 Increase (decrease) 2019 2018 Amount Percentage Amount Percentage Revenue Gross Profit
The comparative financial statements of Seward, Inc. include the following data: Current Year Prior Year Income Statement Net Sales Revenue $142,000 $112,000 Cost of Goods Sold 61,000 53,000 Operating Expenses Interest Expense 40, 200 33,200 4,700 4,700 Income Tax Expense 6, 200 29,900 5,200 Net Income 15,900 Balance Sheet Current Assets 127,000 107,000 Plant, Property and Equipment, Net Current Liabilities 110,000 117,000 51,000 44,000 49,000 131,000 224,000 49,000 Long-Term Liabilities Shareholders' Equity Total Liabilities & Shareholders' Equity 137,000 237,000 Which of the following would be shown on Seward's horizontal analysis when calculating percentage changes from t current year? Multiple Choice
Using data available in the case, calculate the annual growth rate from 2020 to 2021 (in percentages). All calculations should be rounded to two decimals (e.g., 12.77%). > Answer is complete but not entirely correct. 2021 2020 2020-2021 Revenue 2,057,622 1,736,432 18.50 % Cost of Goods Sold 1,259,830 921,980 36.64 % Gross Profit 797,792 814,452 (1.02) % Operating Expenses 789,795 570,245 38.50 % Operating Income 7,997 244,207 2,953.73% Net Income 14,553 191,960 (92.42) %
Calculate a base-weighted and current- weighted index. Years 1 is base and year 2 is current. Number of units bought Price paid per unit ($) Item 7. Year 1Year 2Year 1Year 2 A 121 141 $9 $10 B 149 163 $21 $23 C 173 182 $26 $27 D 194 103 $31 $33
A.Perform horizontal analysisand vertical analysis (for 2020only)on the income statement. In your answer please remember to indicate if it is an INCREASE or (DECREASE) and round your findings to ONE decimal place [e.g. -32.996% is - 33.0% or minus 33.0% or (33.0%). B. Comment on the significant changes disclosed by the comparative statement of comprehensive income. What has caused the changes to occur? C. Prepare a statement of retained earnings for the year ended June 30, 2020. (Retained earnings at July 1, 2019 were $58,000, dividends declared and paid during the financial year were $37,000. D. Explain how profits for the year ended June 30, 2019 were $126,700 yet Retained Earnings at July 1, 2019 were only $58,000.
19. Using the following information, calculate the return on assets. Net income for November Total assets, November 1 Total assets, November 30 $ Identify the formula and then solve for return on assets (ROA). (Round the ROA to the nearest tenth percent, X.X%.) ROA + 4,710 55,000 102,000 + = %
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Zebra Company reports the following figures for the years ending December 31, 2019 and 2018: 　 2019 2018 Net Sales $65,000 $40,000 Cost of Goods Sold 42,000 31,000 Gross Profit $23,000 $9,000 What are the percentage changes from 2018 to 2019 for Net Sales, Cost of Goods Sold and Gross Profit, respectively? (Round your final answers to one decimal place, X.X%) A. 100%, 155.6%, 35.5% B. 62.5%, 35.5%, 155.6% C. 100%, 0.7%, 0.4% D. 155.6%, 62.5%, 35.5%
1. Assume that sales in year 2002 was 145,280 and sales in year 2003 was 225,790. State the percentage increase of sales in DECIMAL FORM to the nearest two decimal places. (Example, if sales increased 70%, write your answer as .70 and do not write the % sign in your answer.
Horizontal Analysis of Income Statement For 20Y2, McDade Company reported a decline in net income. At the end of the year, T. Burrows, the president, is presented with the following condensed comparative income statement: McDade Company Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1 20Υ2 20Υ1 Sales $829,639 $693,000 Cost of merchandise sold 616,000 440,000 Gross profit $213,639 $253,000 Selling expenses $87,000 $58,000 Administrative expenses 50,320 37,000 Total operating expenses $137,320 $95,000 Income from operations $76,319 $158,000 Other revenue 3,634 2,900 Income before income tax expense $79,953 $160,900 Income tax expense 22,400 48,300 Net income $57,553 $112,600 Required:
2) 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 }

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