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Fillips Company CuicUMa EXERCISE 14.10 450,000 and its total a Return on Equity the period. 7BRIEF ssets averaged $2,500,000. 疆connect Exercises years follows. You are to compute the percentage change from 2008 to 2009 whenever possible. Round all calculations to the nearest whole percentage. Selected information taken from the financial statements of Maxum Company for two successive EXERCISE 14.1 Percentage Changes 01 2009 2008 a. Accounts receivable.... b. Marketable securities.. c. Retained earnings. d. Notes receivable e. Notes payable . . . f. Cash g. Sales . -0 250,000 .. 80,000 (80,000) 120,000 0 . 870,000 800,000 ..84,000 80,000 970,000 910,000 EXERCISE 14.2 Trend Percentages Compute trend percentages for the following items taken from the financial statements of Loper Plumbing over a five-year period. Treat 2005 as the base year. State whether the trends are favo able or unfavorable. (Dollar amounts are stated in thousands.) L01 r- 2009 2008 2007 2006 Sales. .$81,400 $74,000 $61,500 $59,000 $50,000 58,500 48,000 40,500 37,000 CISE 14.3 Prepare common size income ctot
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