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Can someone tell Can someone tell me if the Sales is Unfavorable or Favorable and the same thing for cost of goods sold? Sales Cost
Can someone tell Can someone tell me if the Sales is Unfavorable or Favorable and the same thing for cost of goods sold?
Sales Cost of goods sold 2018 $ 82,000 76,800 2017 $ 75,000 42,300 2016 $60,000 49,200 2015 $56,000 35,100 2014 $50,000 30,000 Dollar amounts stated above are in thousands. 8 01:29:41 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. Complete this question by entering your answers in the tabs below. Required A Required B State whether the trends are favorable or unfavorable. Trends Sales Favorable Unfavorable Cost of goods sold Sales Cost of goods sold 2018 2,000 76,800 2017 $ 75,000 42,300 2016 $ 60,000 49,200 2015 $ 56,000 35,100 2014 $50,000 30,000 Dollar amounts stated above are in thousands. 8 01:29:48 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. Complete this question by entering your answers in the tabs below. Required A Required B 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. (Round your answers to the nearest whole percent. i.e. 1.2345 as 123%.) . Sales Cost of goods sold 2018 164 % 256 % 2017 150% 141 % 2016 120% 164 % 2015 112 % 117 % 2014 100 % 100 % Required A Required B >Step by Step Solution
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