Compute trend percents for the following accounts, using 2013 as the base year (round the percents to

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Compute trend percents for the following accounts, using 2013 as the base year (round the percents to whole numbers). State whether the situation as revealed by the trends appears to be favorable or unfavorable for each account.

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Fundamental Accounting Principles

ISBN: 978-1259536359

23rd edition

Authors: John Wild, Ken Shaw, Barbara Chiappett

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Question Posted: Mar 24, 2017 01:25 AM

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Compute trend percents for the following accounts, using 2013 as the base year (round the percents to

Question:

2017 2016 2015 2014 2013 Sales Cost of goods sold Accounts receivable $282,880 $270,800 $252,600 $234,560 $150,000 128,200 122,080 15,280 106,440 67,000 18,100 7,300 16,400 5,200 9,000

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2017 2016 2015 2014 2013 Sales 189 181 168 156 100 Cost of goods sold 19...View the full answer

Fundamental Accounting Principles

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