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ACC 561 Week 3 Assignment WileyPLUS .pdf



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ACC 561 Week 3 Assignment WileyPLUS
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Brief Exercise 13-4
Using these data from the comparative balance sheet of Rosalez Company, perform
horizontal analysis. (If amount and percentage are a decrease show the numbers as negative,
e.g. -55,000, -20% or (55,000), (20%). Round percentages to 0 decimal places, e.g. 12%.)

Accounts receivable
Inventory
Total assets

Dec. 31, 2012 Dec. 31, 2011
$ 488,200
$ 360,000
$ 818,100
$ 601,200
$3,173,600
$2,774,300

Increase or (Decrease)
Amount
Percentage

Brief Exercise 13-5
Using these data from the comparative balance sheet of Rosalez Company, perform
vertical analysis. (Round percentages to 1 decimal place, e.g. 12.5%.)

Accounts receivable
Inventory
Total assets

Dec. 31, 2012
Amount Percentage
$ 544,700
$ 804,600
$3,137,000

Brief Exercise 13-8 (Essay)

Dec. 31, 2011
Amount Percentage
$ 393,300
$ 609,700
$2,763,400

Vertical Analysis

2012

2011

2010

Sales

100%

100%

100%

Cost of goods sold

61.2

64.6

65.7

Expenses

24.8

26.3

28.0

Vertical analysis (common-size) percentages for Vallejo Company’s sales, cost of goods
sold, and expenses are listed here.
Did Vallejo’s net income as a percent of sales increase, decrease, or remain unchanged over
the 3-year period? Provide numerical support for your answer.

Brief Exercise 13-9 (Essay)

Horizontal analysis (trend analysis) percentages for Spartan Company’s sales, cost of goods
sold, and expenses are listed here.
Horizontal Analysis
Sales
Cost of goods sold
Expenses

2012
96.2%
101.0
105.6

2011
104.8%
98.0
95.4

2010
100.0%
100.0
100.0

Explain whether Spartan’s net income increased, decreased, or remained unchanged over
the 3-year period.

Brief Exercise 13-15

Selected data taken from a recent year’s financial statements of trading card company
Topps Company, Inc. are as follows (in millions).
Net sales
Current liabilities, beginning of year
Current liabilities, end of year
Net cash provided by operating activities
Total liabilities, beginning of year
Total liabilities, end of year

$326.7
41.1
62.4
10.4
65.2
73.2

Capital expenditures
Cash dividends

3.7
6.2

Compute these ratios: current cash debt coverage ratio, cash debt coverage ratio, and free
cash flow. Provide a brief interpretation of your results. (Round answers to 2 decimal
places, e.g. 0.12.)
Current cash debt coverage ratio
Cash debt coverage ratio
Free Cash Flow

Brief Exercise 13-13
Staples, Inc. is one of the largest suppliers of office products in the United States. It had net
income of $738.7 million and sales of $24,275.5 million in 2009. Its total assets were
$13,073.1 million at the beginning of the year and $13,717.3 million at the end of the year.
What is Staples, Inc.’s asset turnover ratio and profit margin ratio? (Round answers to 2
decimal places, e.g. 1.25 or 2.05%.)
Asset turnover ratio
Profit margin ratio

Brief Exercise 13-10
These selected condensed data are taken from recent balance sheets of Bob Evans Farms
(in thousands).

Cash
Accounts receivable
Inventories
Other current assets
Total current assets
Total current liabilities

2009
$ 13,606
23,045
31,087
12,522
$ 80,260
$245,805

2008
$ 7,669
19,951
31,345
11,909
$ 70,874
$326,203

Compute the current ratio for each year. (Round answers to 2 decimal places, e.g. .12 : 1.)
2009 2008
Current ratio:

Final Guide

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