exercise 13-3 computation and analysis of trend percents lo p1

Exercise 13-3 Computation and analysis of trend percents LO P1 Sales Cost of goods sold Accounts receivable 2017 2016 2015 2014 2013 $ 536,998 $ 353,288 $ 279,279 $ 204,600 $ 155,000 265,679 174,911 139,947 101,854 75,950 25,937 20,632 19,075 12,010 10,633 Compute trend percents for the above accounts, using 2013 as the base year. Trend Percent for Net Sales: Choose Denominator: Choose Numerator: 2017: 2016: 2015 2014: Trend Percent for Cost of Goods Sold: 1 Choose Denominator: Choose Numerator: Cost of goods sold 2017: 2016: 2015: 2014: Trend Percent for Accounts Recolvables: 1 Choose Denominator: Choose Numerator = Accounts receivable Prev 1 of 13 Next > -- - - - --- - ---- - - -- -- - Trend Percent for Net Sales: Choose Denominator: Choose Numerator: sed 2017: 2016: 2015: 2014: Trend Percent for Cost of Goods Sold: 1 Choose Denominator: Choose Numerator: Cost of goods sold 2017: 2015: Print 2014: erences Choose Numerator: Trend Percent for Accounts Receivables 1 Choose Denominator: Accounts receivable 2017: 2016: 2015: 2014: Prev 1 of 13 # Next > Exercise 13-4 Common-size percent computation and interpretation LO P2 Express the following comparative income statements in common-size percents (Round your percentage answers to 1d place.) GOMEZ CORPORATION Comparative Income Statements For Years Ended December 31, 2017 and 2016 2017 2016 Sales Cost of goods sold Gross profit Operating expenses Net income $ 780,000 570,800 209,2008 129,200 $ 80,000 100.0 07 | $685,000 289,800 396,200 220.400 $175,800 Has the company's situation improved in the most recent year? Yes NO