Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Exercise 13-3 Computing and interpreting trend percents LO P1 Sales Cost of goods sold Accounts receivable 2019 2018 2017 2016 2015 $ 739,454 $ 480,165

image text in transcribed
image text in transcribed
image text in transcribed
Exercise 13-3 Computing and interpreting trend percents LO P1 Sales Cost of goods sold Accounts receivable 2019 2018 2017 2016 2015 $ 739,454 $ 480,165 $ 378,083 $ 253, 747 $ 193,700 364,882 237,031 188,761 125,336 94,913 35, 790 28,138 25,823 14,793 13,230 Compute trend percents for the above accounts, using 2015 as the base year. Trend Porcent for Net Sales: 1 Choose Denominator: Choose Numerator: 1 Trend percent / = % 1 2019: 2018: 2017: 2016: % / % % Trend Percent for Cost of Goods Sold: 1 Choose Denominator: Chooso Numerator: Trend percent = % 2019: 2018: 2017: % / 2016: % % Prey 1 of 1 Next Trond Percent for Net Sales: Choose Numerator: 1 Choose Denominator: 1 1 Trend percent 2019: / 11 % 2018: 2017: #11 % % / 2016: % Choose Numerator Trend Percent for Cost of Goods Sold: 1 Choose Denominator: 1 1 Trend percent 2019: % 2018: 7 2017: 2016: % % 1 11 / Choose Numerator: Trond Percent for Accounts Receivables: 1 Choose Denominator: 11 Trend percent 2019: 2018: % 1 % 2017: 2016: / / % % Analysis period accounts receivable Analysis period cost of goods sold Analysis period net sales Base year accounts receivable Base year cost of goods sold Base vear net sales

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Preliminary Audit Results Montanas State Employee Compensation 1990

Authors: Waters Consulting Group, Montana. State Employee Compensation Committee

1st Edition

1378152700, 978-1378152706

More Books

Students also viewed these Accounting questions

Question

Express the quantity 965.33 Cal in joules.

Answered: 1 week ago

Question

4. How is culture a contested site?

Answered: 1 week ago