Computation and analysis of trend percents

Exercise 17-3 Computation and analysis of trend percents L.O. P1
2013 2012 2011 2010 2009
Sales $ 614,600 $ 399,091 $ 320,555 $ 237,448 $ 177,200 
Cost of goods sold 297,608 193,314 157,116 115,725 85,056 
Accounts receivable 29,808 23,307 21,958 13,819 12,156 
Compute trend percents for the above accounts, using 2009 as the base year. (Round your answers to the nearest whole percent. Omit the "%" sign in your response.)
2013 2012 2011 2010 2009
Sales % % % % 100% 
Cost of goods sold % % % % 100% 
Accounts receivable % % % % 100% 
Exercise 17-5 Common-size percent computation and interpretation L.O. P2
The following are the comparative income statements of Geraldo Corporation:
GERALDO CORPORATION
Comparative Income Statements
For Years Ended December 31, 2011 and 2010
2011 2010
Sales $ 721,000 $ 540,000 
Cost of goods sold 474,600 281,740 
Gross profit 246,400 258,260 
Operating expenses 151,300 102,790 
Net income $ 95,100 $ 155,470 
Express the above comparative income statements in common-size percents. (Round your answers to 1 decimal place. Omit the "%" sign in your response.)
2011 2010
Sales % % 
Cost of goods sold
Gross profit
Operating expenses
Net income % %
The company's situation in the most recent year has:
Improved
Remained unchanged
Worsened
Exercise 17-8 Liquidity analysis L.O. P3
Sanderson Company’s year-end balance sheets follow.
At December 31 2012 2011 2010
Assets
Cash $ 32,648 $ 38,548 $ 39,753 
Accounts receivable, net 94,624 69,483 53,004 
Merchandise inventory 118,972 88,251 56,443 
Prepaid expenses 10,726 10,018 4,462 
Plant assets, net 301,979 275,553 251,938 
Total assets $ 558,949 $ 481,853 $ 405,600 
Liabilities and Equity
Accounts payable $ 137,787 $ 80,619 $ 53,004 
Long-term notes payable secured by
mortgages on plant assets 101,930 110,826 88,741 
Common stock, $10 par value 162,500 162,500 162,500 
Retained earnings 156,732 127,908 101,355 
Total liabilities and equity $ 558,949 $ 481,853 $ 405,600 
(1)
Compute the current ratio for the year ended 2012, 2011, and 2010. (Round your answers to 2 decimal places.)
2012 to
2011 to
2010 to

(2)
Compute the acid-test ratio for the year ended 2012, 2011, and 2010. (Round your answers to 2 decimal places.)
2012 to
2011 to
2010 to