Question
2018 2017 2016 2015 2014 Sales $ 79,000 $ 68,000 $ 63,000 $ 58,000 $ 50,000 Cost of goods sold 63,900 61,200 45,300 42,600 30,000
| 2018 | 2017 | 2016 | 2015 | 2014 | |||||||||||
| Sales | $ | 79,000 | $ | 68,000 | $ | 63,000 | $ | 58,000 | $ | 50,000 | |||||
| Cost of goods sold | 63,900 | 61,200 | 45,300 | 42,600 | 30,000 | ||||||||||
Dollar amounts stated above are in thousands.
a. Compute trend percentages for the above items taken from the financial statements of Lopez Plumbing over a five-year period. Treat 2014 as the base year.
b. State whether the trends are favorable or unfavorable.
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Internal Control And Internal Audit In Non Profit Organizations A Practical Model
Authors: Kamal Bayramov
1st Edition
6203464015, 978-6203464016
