Question
Exercise 13-3 (Algo) Computing and analyzing trend percents LO P1 2021 2020 2019 2018 2017 Sales $ 514,056 $ 335,984 $ 267,716 $ 196,129 $
Exercise 13-3 (Algo) Computing and analyzing trend percents LO P1
| 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|
| Sales | $ 514,056 | $ 335,984 | $ 267,716 | $ 196,129 | $ 141,100 |
| Cost of goods sold | 259,628 | 169,592 | 137,258 | 99,565 | 70,550 |
| Accounts receivable | 24,983 | 19,621 | 18,312 | 11,454 | 9,623 |
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.
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Auditing A Risk Based Approach to Conducting a Quality Audit
Authors: Karla Johnstone, Audrey Gramling, Larry E. Rittenberg
10th edition
1305080572, 978-1305465664, 1305465660, 978-1305080577
