Questions are A-T and A-I.

Question 3.13 - Prepare common-size income statements for December 31, 2016, 2015 and 2014 using the income statements for Yarrick Company on Page 146 of your text and answer the following questions: a. Cost of goods sold percentage for 2014 b. Cost of goods sold percentage for 2015. c. Cost of goods sold percentage for 2016. d. Gross profit percentage for 2014 e Gross profit percentage for 2015. 1. Gross profit percentage for 2016 Selling general and administrative expenses percentage for 2014 h. Selling general and administrative expenses percentage for 2015 Selline, general and administrative expenses percentage for 2016 1. Research and development percentage for 2014, k. Research and development percentage for 2015 1. Research and development percentage for 2016, m. Operating profit percentage for 2014 in Operating profit percentage for 2015 o Operating profit percentage for 2016 p. Income tax expense (benefit) percentage for 2014 9. Income tax expense (benefit) percentage for 2015 1. Income tax expense benefit) percentage for 2016 S. Net profit percentage for 2014 1. Net profit percentage for 2015 t. Net profit percentage for 2015. u. Net profit percentage for 2016. v. Answer the multiple choice questions using the information from the common-size income statement information Question 3.14 Calculate the gross profit margins for tickets and concessions for all three years (2014, 2015, 2016). Calculate an overall gross profit margin for LA Theatres for all three years using the information provided on page 147 and answer the following questions: a. Gross profit margin for tickets for 2014 b. Gross profit margin for tickets for 2015 c. Gross profit margin for tickets for 2016, d. Gross profit margin for concessions for 2014 e. Gross profit margin for concessions for 2015 f. Gross profit margin for concessions for 2016. 8. Total gross profit margin for 2014 Total gross profit margin for 2015 1. Total gross profit margin for 2016 11. Answer the multiple choice questions using the information you calculated in parts a above 3.13. The table below shows the common-sized income statements for six firms and a descrip- tion of their operations. All of these firms use U.S. GAAP. (a) Commonwealth Edison: generates and sells electricity to businesses and households in capital-intensive plants. (b) Delta Air Lines: provides airline transportation services. () Tiffany & Company: designer, manufacturer, and retailer of jewelry and specialty items (including china, timepieces, and silver). (d) Hewlett-Packard: manufactures and sells computers, printers, and other hardware. (e) Kroger Stores: operates a chain of grocery store nationwide. (1) Kelly Services: provides temporary office services to businesses and other firms. Sales revenue represents the amount billed to customers for temporary help services, and the cost of goods and services include the amount Kelly paid to temporary help employees (a) (b) (c) (d) (e) (7) Sales Other revenue Cost of Goods and Services sold Selling and Administrative Expenses Depreciation Interest Income Taxes 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 0.5 0.9 (73.6) (81.4) (60.6) (63.0) (613) (44.5) (199) (14.1) (179) (24.0) (5.0) (368) (2.1) (1.4) (0.8) (8.7) (5.1) (80) (3.4) (0.9) (2.9) (73) (1.5) (6.71 (0.1) (65) 10:30 Net Income 11.09 Required: Use the clues you can find to match the firms listed common sized financial statements and explain your rating Question 3.13 - Prepare common-size income statements for December 31, 2016, 2015 and 2014 using the income statements for Yarrick Company on Page 146 of your text and answer the following questions: a. Cost of goods sold percentage for 2014 b. Cost of goods sold percentage for 2015. c. Cost of goods sold percentage for 2016. d. Gross profit percentage for 2014 e Gross profit percentage for 2015. 1. Gross profit percentage for 2016 Selling general and administrative expenses percentage for 2014 h. Selling general and administrative expenses percentage for 2015 Selline, general and administrative expenses percentage for 2016 1. Research and development percentage for 2014, k. Research and development percentage for 2015 1. Research and development percentage for 2016, m. Operating profit percentage for 2014 in Operating profit percentage for 2015 o Operating profit percentage for 2016 p. Income tax expense (benefit) percentage for 2014 9. Income tax expense (benefit) percentage for 2015 1. Income tax expense benefit) percentage for 2016 S. Net profit percentage for 2014 1. Net profit percentage for 2015 t. Net profit percentage for 2015. u. Net profit percentage for 2016. v. Answer the multiple choice questions using the information from the common-size income statement information Question 3.14 Calculate the gross profit margins for tickets and concessions for all three years (2014, 2015, 2016). Calculate an overall gross profit margin for LA Theatres for all three years using the information provided on page 147 and answer the following questions: a. Gross profit margin for tickets for 2014 b. Gross profit margin for tickets for 2015 c. Gross profit margin for tickets for 2016, d. Gross profit margin for concessions for 2014 e. Gross profit margin for concessions for 2015 f. Gross profit margin for concessions for 2016. 8. Total gross profit margin for 2014 Total gross profit margin for 2015 1. Total gross profit margin for 2016 11. Answer the multiple choice questions using the information you calculated in parts a above 3.13. The table below shows the common-sized income statements for six firms and a descrip- tion of their operations. All of these firms use U.S. GAAP. (a) Commonwealth Edison: generates and sells electricity to businesses and households in capital-intensive plants. (b) Delta Air Lines: provides airline transportation services. () Tiffany & Company: designer, manufacturer, and retailer of jewelry and specialty items (including china, timepieces, and silver). (d) Hewlett-Packard: manufactures and sells computers, printers, and other hardware. (e) Kroger Stores: operates a chain of grocery store nationwide. (1) Kelly Services: provides temporary office services to businesses and other firms. Sales revenue represents the amount billed to customers for temporary help services, and the cost of goods and services include the amount Kelly paid to temporary help employees (a) (b) (c) (d) (e) (7) Sales Other revenue Cost of Goods and Services sold Selling and Administrative Expenses Depreciation Interest Income Taxes 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 0.5 0.9 (73.6) (81.4) (60.6) (63.0) (613) (44.5) (199) (14.1) (179) (24.0) (5.0) (368) (2.1) (1.4) (0.8) (8.7) (5.1) (80) (3.4) (0.9) (2.9) (73) (1.5) (6.71 (0.1) (65) 10:30 Net Income 11.09 Required: Use the clues you can find to match the firms listed common sized financial statements and explain your rating