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Chapter 13 Problem Discussion

Chapter 13 Problem Discussion

Q The goal of this discussion question is for all Comprehensive Problems to be completed and for robust conversation between peers to take place. Keep in mind that this discussion question will help prepare you for future exams, so it is important that you understand the information and actively participate in discussions. To supplement your learning and enhance your understanding, you may also have to conduct research outside of course provided material. Discussion Question Requirements: 1. Locate the Comprehensive Problems at the end of the Chapter. 2. Complete one of the comprehensive problems for the Chapter. If possible, type your exercise answer in the discussion area. However, you may attach a document if needed. 3. Include in your answer which comprehensive problem (e.g. CP1-1) you are completing. If your answer is not labeled, credit will not be granted. 4. Students will not be able to see peers' postings before posting their initial post. Once you make your initial post, you are not permitted to edit. If edits are needed, you will need to reply to the original post and make the corrections there. 5. Pick two peers' postings and review. Then comment in no less than one paragraph why you found the information helpful, informative, etc. You must present new ideas and/or thoughts, merely stating that you agree/disagree is not enough to earn full points. 6. A paragraph is considered a minimum of 4-6 sentences. 7. Cite all sources - you must provide the exact link to the reference. Please keep in mind that citing sources does not mean you can copy and paste information from the source and use it as your own. You also cannot only change a few words from a source; all work must be in your own words. If copying/pasting is found or the submission is not in your own words, you will receive a zero, no exceptions. This also includes commenting on peers' posts.

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CP 13–3 The following information is taken from the records of Black Spruce Co. Ltd.: 2019 2018 2017 Sales $252 $141 $120 Gross profit 63 48 54 Net income 12 5 15 Required: Analyze the gross profit and net profit ratios using the above data. Comment on trends you observe. Divide the gross profit by the net sales to get the gross profit ratio 2019 2018 2017 63/252=25% 48/141=34% 54/120=45% Divide the Net income by the net sale to get net profit ratio 2019 2018 2017 12/252= 4.7% 5/141= 3.6% 15/120 = 12.5%