50.1K
Verified Solution
Link Copied!
Question 1 regular h
Exercise 13-3 (Static) Computing and analyzing trend percents LO P1 Sales Cost of goods sold Accounts receivable 2021 $ 282,880 128,200 18,100 2020 $ 270,800 122,080 17,300 2019 $ 252,600 115,280 16,400 2018 $ 234,560 106,440 15,200 2017 $ 150,000 67,000 9,000 Compute trend percents for the above accounts, using 2017 as the base year. For each of the three accounts, state whether the situation as revealed by the trend percents appears to be favorable or unfavorable. Trend Percent for Net Sales: 1 Denominator: Numerator: / Trend percent 0 % 2021: / 2020: / 0 % 2019: / = 0 % 2018: / = 0 % 2017: 0 % Trend Percent for Cost of Goods Sold: Numerator: / Denominator: / Trend percent 0 % 2021: / 2020: / 0 % 2019: / 0 % 2018: / = 0 % 2017: / 0 % Trend Percent for Accounts Receivables: Numerator: 1 Denominator: / Trend percent 0 % 2021: 1 2020: / 0 % 2019: / = 0 % 2018: 1 0 % 2017: / 0 %
Answer & Explanation
Solved by verified expert
