Homework Sourse2019 2018 2017 2016 Net Sales Revenue 766000 708000 64400
2019
2018
2017
2016
Net Sales Revenue
$ 766,000
$ 708,000
$ 644,000
$664,000
Net Income
60,000
38,000
36,000
44,000
Ending Common Stockholder’s equity
368,000
352,000
326,000
296,000
Net sales revenue, net income, and common stockholders\' equity for EyesightEyesight Mission Corporation, a manufacturer of contact lenses, follow for a four-year period
Compute trend analyses for each item for 2017—2019.
Use 2016 as the base year, and round to the nearest whole percent.
Begin by computing Eyesight Mission Corporation\'s trend analysis for net sales revenue, then compute Eyesight
Mission Corporation\'s trend analysis for net income and finally compute
Eyesight Mission Corporation\'s trend analysis for common stockholders\' equity.
2019
2018
2017
2016
Net Sales Revenue
$766,000
$708,000
$644,000
$664,000
Trend Percentages
%
%
%
100
%
| 2019 | 2018 | 2017 | 2016 | ||
| Net Sales Revenue | $ 766,000 | $ 708,000 | $ 644,000 | $664,000 | |
| Net Income | 60,000 | 38,000 | 36,000 | 44,000 | |
| Ending Common Stockholder’s equity | 368,000 | 352,000 | 326,000 | 296,000 |
Solution
Particulars
2019
2018
2017
2016
Net Sales Revenue
766000
708000
644000
664000
Trend Percentages
115%
(766000/664000)*100
107%
(708000/664000)*100
97%
(644000/664000)*100
100%
Net Income
60000
38000
36000
44000
Trend Percentages
136%
(60000/44000)*100
86%
(38000/44000)*100
82%
(36000/44000)*100
100%
Ending Common Stockholder’s Equity
368000
352000
326000
296000
Trend Percentages
124%
(368000/296000)*100
119%
(352000/296000)*100
110%
(326000/296000)*100
100%
| Particulars | 2019 | 2018 | 2017 | 2016 | |||
| Net Sales Revenue | 766000 | 708000 | 644000 | 664000 | |||
| Trend Percentages | 115% | (766000/664000)*100 | 107% | (708000/664000)*100 | 97% | (644000/664000)*100 | 100% |
| Net Income | 60000 | 38000 | 36000 | 44000 | |||
| Trend Percentages | 136% | (60000/44000)*100 | 86% | (38000/44000)*100 | 82% | (36000/44000)*100 | 100% |
| Ending Common Stockholder’s Equity | 368000 | 352000 | 326000 | 296000 | |||
| Trend Percentages | 124% | (368000/296000)*100 | 119% | (352000/296000)*100 | 110% | (326000/296000)*100 | 100% |
