Reference no: EM132950295

Problem 1: Use the following information for Owens Corporation to determine (1) the 2019 and 2020 common-size percents for cost of goods sold using net sales as the base and (2) the 2019 and 2020 trend percents for net sales using 2019 as the base year.

($ thousands).                  2020                2019
Net sales                   $ 101,400         $ 58,100
Cost of goods sold          55,300            30,700

Problem 2: Compute the annual dollar changes and percent changes for each of the following accounts.

                                                   2020                 2019

Short term investments           $ 110,000      $ 80,000
Accounts receivable               22,000            25,000
Notes payable                       30,000                    -