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 http://e'Zio.mhecloud.mcgraw-hill.comlhm.tpx $ 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 http://ezto.mhecloud.mcgraw-hill.comlhm.tpx 3/25/2013 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 ...

1. 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
=-,,".=.-=-= =.==-.=-~

2. 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

3. ~_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
http://e'Zio.mhecloud.mcgraw-hill.comlhm.tpx
$ 113,051
::3::::--:::::'::-':"::~_
19,784
54,000
6,000
33,267
$ 113,051
Page 1 of 4

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:

5. 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

6. 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

7. 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.

8. 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

9. 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=.=~

10. 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

11. 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.

12. 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

13. 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: .
©2012 The McGraw·HiII Companies. All rights reserved.
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