Need Help with accounting vertical analysis and inventory turnover questions
1) Vertical analysis (common size) percentages for Kochheim Company’s sales, cost of goods sold, and expenses are shown below.
(a) Calculate net income for 2015, 2014, & 2013. 2) The following data are taken from the financial statements of Rainsberger Company.
Compute for each year the accounts receivable turnover. At the end of 2013, accounts receivable (net) was $480,000.(Round answers to 1 decimal place, e.g. 1.6.) 3) Schellhammer Corporation reported the following amounts in 2013, 2014, and 2015.
(b) Perform each of the three types of analysis on Schellhammer’s current assets. (Round percentages to 0 decimal places, e.g. 43% and ratios to 2 decimal places, e.g.1.58.)
