Concept – Common-Size Statements
Managerial Accounting
Garrison, Noreen, and Brewer
17th Edition
Which is correct regarding a common-size income statement?
Which is correct regarding a common-size income statement?
What is not a reason why managers would use financial statement analysis?
Which is not a limitation of professional financial statement analysis?
Match the term and the definition. (Credit sales into cash, 365 divided by accts rec turn, time from inventory to cash)
Match the term (dent to equity, common measure for creditors, fin leverage)
Find each year’s income statement in common-size percentages.
Your numbers will vary.
Find the percentage increase in sales from Year 1 to Year 3.
Your numbers will vary.
What happens to cost of goods sold in Year 2?
Your numbers will vary.
Find the company’s current ratio.
Your numbers will vary.
As of December 31st, what is the company’s capital?
Your numbers will vary.