Donald Corp reported the following on its comparative income statement (in millions)
2017 2016 2015
Revenue $728 $675 $500
Cost of goods sold 312 258 220
Prepare a horizontal analysis of revenues and cost of goods sold, both in dollar amounts and in percentages, for 2016 and 2017. (Round your percentage answers to two decimal places.)
What will be an ideal response
For year 2017
Increase (Decrease)
2017 2016 Amount Percentage
Revenue $728 $675 $53 7.85
Cost of goods sold 312 258 54 20.93
For year 2016
Increase (Decrease)
2016 2015 Amount Percentage
Revenue $675 $500 $175 35.00
Cost of goods sold 258 220 38 17.27
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The production of a particular product consists of the following work elements. If the cycle time is 4 minutes and the work-element times are as follows, what is the theoretical minimum number of stations?
Work Element Time (min) 1 2.4 2 0.5 3 2.1 4 2.0 5 2.7 6 1.1 7 2.0 8 2.7 9 1.6 10 1.4 A) fewer than or equal to three stations B) four stations C) five stations D) more than five stations
Uncle Tim's Inventions has an expected dividend next year of $3.60 and a required return of 12 percent. Assuming the dividends will be paid indefinitely, calculate the value of a share of common stock assuming a zero growth rate of dividends
What will be an ideal response?