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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%.)

Dec. 31, 2012 Dec. 31, 2011
Accounts receivable
\$ 488,200
\$ 360,000
Inventory
\$ 818,100
\$ 601,200
Total assets
\$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%.)
Dec. 31, 2012
Dec. 31, 2011
Amount Percentage Amount Percentage
Accounts receivable \$ 544,700
\$ 393,300
Inventory
\$ 804,600
\$ 609,700
Total assets
\$3,137,000
\$2,763,400

Brief Exercise 13-8 (Essay)

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

\$326.7
41.1
62.4

Net cash provided by operating activities
Total liabilities, beginning of year
Total liabilities, end of year
Capital expenditures
Cash dividends

10.4
65.2
73.2
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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