Assignment Results
ACG 3073: Copy of Managerial Accounting ACG 3073
Chapt 13-ACG 3073
Score: 1.26 out of 100 points (1.26%)
[The fol/owing inrOm1!'tion applies to the questions displayed below.]
Selected comparative financial statements of Bennington Company follow:
BENNINGTON COMPANY Comparative Income Statements
For Years Ended December 31,2012,2011, and 2010 2012 2011
$ 538,907 $ 412,847 324,422 260,919
Sales Cost of goods sold
2010 $ 286,500
183,360 =-,,".=.-=-= =.==-.=-~
Gross profit 214,485 151,928 103,140 Selling expenses 76,525 56,973 37,818 Administrative expenses 48,502 36,331 23,780
:'=--"'=--=""-""-"'.:":':"=
Total expenses 125,027 93,304 61,598 c..-..,-===
Income before taxes 89,458 58,624 41,542 Income taxes 16,639 12,018 8,433
"'~-==-=--=- ,...~•..===-=-""
Net income $ 72,819 $ 46,606 $ 33,109~---==----=-: 5••--· --~ _E="=-.~~
BENNINGTON COMPANY Comparative Balance Sheets
December 31, 2012, 2011, and 2010 2012 2011
Assets Cu rrent assets Long-term investments Plant assets, net
2010
Q $ 48,691 /p $ 38,095 0>$ 50,924 o 500 4,700
91,831 97,858 57,427'
Total assets $ 140,522 $ 136,453 ~_c=T::-... ~
Liabilities and Equity Current liabilities Common stock Other paid-in capital Retained eamings
20,516 72,000 9,000
39,006
20,331 72,000 9,000
35,122
$ 136,453Total liabilities and equity $ 140,522
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$ 113,051 ::3::::--:::::'::-':"::~_
19,784 54,000 6,000
33,267
$ 113,051
Page 1 of 4
Nadine Gustave
instructions I help
3/25/2013
Assignment Results Page 2 of4
1. award: o out of 33.00 points
Required: 1. Compute each year's current ratio. (Round your answers to 1 decimal place.)
Current ratio Current ratio Current ratio
538.907" to 412,847" to 286,500" to
48,691 " 38,095 " 50,924 "
December 31 , 2012: December 31,2011: December 31, 2010:
It}Sook Links (3)
Worksheet Learning Objective: 13·P1 Explain and apply methods Learning Objective: 13·P3 Define and apply ratioof horizontal analysis. analysis.
Learning Objeclive: 13·P2 Describe and apply methods of vertical analysis.Difficulty: Hard
Required: 1. Compute each year's current ratio. (Round your answers to 1 decimal place.)
December 31,2012: J December 31, 2011: December 31,2010:
Current ratio Current ratio Current ratio
2.4±0.1 to 1.9±0.1 to 2.6± 0.1 to
1.0 1.0 1.0
Explanation:
Current ratio December 31,2012: $48,6911 $20,516 December31,2011: $38,095/$20,331 December 31,2010: $50,9241 $19,784
2.4 to 1 1.9to 1 2.6 to 1
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Assignment Results Page 3 of 4
award: o out of 33.00
. points 2. Express the income statement data in common-size percents. (Round your answers to 2 decimal
places. Omit the "%" sign in your response.)
2.
Sales Cost of goods sold
Gross profit Selling expenses Administrative expenses
Total expenses
Income before taxes Income taxes
Net income
BENNINGTON COMPANY Common-Size Comparative Income Statements
For Years Ended December 31,2012,2011, and 2010 2012 2011 538,907Ii % 412,487Ii % 324,422Ii 260.919Ii
2010 286,500Ii % 183,360Ii
214,485Ii 76,525Ii 48,502 Ii
103,140Ii 37,818Ii 23,780Ii
75.00 Ii % 30.00 Ii %42,00 Ii %
Worksheet
tt;eBook Links (3) ._---------------------_._._-----_._._---_. __ ._---------- ----
Difficulty: Hard
Learning Objective: 13-P1 Explain and apply methods Learning Objective: 13-P3 Define and apply ratio of horizontal analysis. analysis.
Learning Objective: 13-P2 Describe and apply methods of vertical analysis.
2. Express the income statement data in common-size percents. (Round your answers to 2 decimal places. Omit the "'10" sign in your response.)
Sales Cost of goods sold
Gross profit Selling expenses Administrative expenses
Total expenses
Income before taxes Income taxes
Net income
BENNINGTON COMPANY Common-Size Comparative Income Statements
For Years Ended December 31, 2012, 2011, and 2010 2012 2011 j1OO:00 % j1OifOo %
60..20. ± 0..0.1 I 63.20. ± 0..0.1
I I
2010 I 100.0.0. %
64.0.0. ± 0..0.1I I I I
,==--=-_-:oo,=;;.=.-='"==~::.::=::.':.==.~=:::::.==.::;.. .. ---- ..-=-'">'=,"===::.-::>
I 23.20. ± 0..0.1
39.80. ± 0..0.1 14.20. ± 0..0.1 9.0.0. ± 0..0.1
I .",-,=..:::..c=--"'--" .:.;;.;,=~-===,=:;;..:;===== ___::;====."':""===:::,
I I I I 21.5D±DDr
36.80. ± 0..0.1 13.80. ± 0..0.1
8.80. ± 0..0.1
36.0.0. ± 0..0.1 13.20. ± 0..0.1
8.30. ± 0..0.1
r 16.6D±D.D1 )14.2oTi'i:01 I 14.5D±D.D1 I 3.0.9 ± 0.0.1 I 2.91 ± 0..0.1 I 2.94 ± 0..0.1
==.=c;c.;,'~=~~,=_==""'=·=.=:;..~·=~==_====·.=.::.;..:,;:=:;==_"=.;=;;;=_=___==='".':.;,.-.c=.=~
j13.51 ± 0..0.1 % I 11.29 ± 0..0.1 % 11.56 ± 0..0.1 %
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Assignment Results Page 4 of 4
award: 1.26 out of 34.00 points
3. Express the balance sheet data in trend percents with 2010 as the base year. (Round your answers to 2 decimal places. Leave no cells blank - be certain to enter "0" wherever required. Omit the "%" sign in your response.)
3.
Assets Current assets Long-term investments Plant assets
Total assets
Liabilities and Equity Current liabilities Common stock Other contributed
capital Retained earnings
Total liabilities and equity
LUbBook links (3)
Worksheet
Difficulty: Hard
BENNINGTON COMPANY Balance Sheet Data in Trend Percents December 31.2012,2011, and 2010
2012 2011 2010
40.000% 55.000% 30.000% 0.00 (; 500.000 4.7000
91.831 0 97.858 0 57.4570
47.055.000 987.123.00 0 5.856.000 e:--==-,~ _5.
50.000% 45.000% 85.000% 895.000 2.256.000 8.795.000
586.000 897.00. 854.000
325.000 854.000 898.000
Learning Objective: 13-P1 Explain and apply methods Learning Objective: 13-P3 Define and apply ratio of horizontal analysis. analysis.
Learning Objective: 13-P2 Describe and apply methods of vertical analysis.
3. Express the balance sheet data in trend percents with 2010 as the base year. (Round your answers to 2 decimal places. Leave no cells blank - be certain to enter "0" wherever required. Omit the "%" sign in your response.)
Assets
Current assets
Long-term investments
Plant assets
Total assets
Liabilities and Equity
Current liabilities
Common stock
Other contributed capital
Retained earnings
Total liabilities and equity
BENNINGTON COMPANY Balance Sheet Data in Trend Percents December 31, 2012, 2011, and 2010
2012 2011 2010
100.00 ± 0.01 %I 95.62 ± 0.01 % 74.81 ± 0.01 % I 0.00 ± 0.01 10.64 ± 0.01 I 159.91 ± 0.01 170.40 ± 0.01
100.00
100.00 ± 0.01
124.30 ± 0.01 120.70 ± 0.01 100.00 ± 0.01
103.70 ± 0.01 % I 102.76 ± 0.01 % I 100.00 ± 0.01 % 133.33 ± 0.01 133.33 ± 0.01 100.00 ± 0.01
150.00 ± 0.01 150.00 ± 0.01 100.00 ± 0.01
117.25 ± 0.01 105.58 ± 0.01 100.00 ± 0.01
124.30 ± 0.01 120.70 ± 0.01 100.00 ± 0.01
C:i: .
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