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Compute trend percents for the above accounts, using 2009 as the base year.
Particulars
2013
Sales
Cost of Goods Sold
Accounts Receivable
2012
614,600
297,608
29,808
399,091
193,314
23,307
2013
Sales
Cost of Goods Sold
Accounts Receivable
2012
346.84%
349.90%
245.21%
225.22%
227.28%
191.73%
2011
%
721,000
474,600
281,740
151,300
130,440
100.00%
65.83%
39.08%
20.98%
18.09%
Interpretation;
steps to control the cost of goods sold then increase in sales will not generate the same proportion
net income as it should be.
On the basis of above analysis and calculations company's situation in most recent year has wors
Although there has been significant increase in sales but due to rise in the cost of goods sold
net income has declined as compared to rise in sales . The management must take steps to contro
the cost of goods sold.
2012
2011
Current Assets
Current liabilities
256,970
137,787
206,300
80,619
1.86
2.56
2)
Compute the acid-test ratio for the year ended 2012, 2011, and 2010.
Particulars
Asid test ratio
2012
2011
108,031
80,619
0.92
1.34
2011
320,555
157,116
21,958
2011
180.90%
184.72%
180.64%
2010
540,000
281,740
258,260
102,790
155,470
unts is known as
s of a year are
2010
237,448
115,725
13,819
2010
134.00%
136.06%
113.68%
%
100.00%
52.17%
47.83%
19.04%
28.79%
2009
177,200
85,056
12,156
2009
100.00%
100.00%
100.00%
2010
153,662
53,004
2.90
2010
92,757
53,004
1.75