Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

plz help ! Exercise 17-3 (Algo) Computing and analyzing trend percents LO P1 2021 2020 2019 2018 2017 Sales $ 444,490 $ 286,768 $ 237,982

plz help !
image text in transcribed
image text in transcribed
Exercise 17-3 (Algo) Computing and analyzing trend percents LO P1 2021 2020 2019 2018 2017 Sales $ 444,490 $ 286,768 $ 237,982 $ 171,219 $ 131,700 Cost of goods sold 220, 350 142,216 119,711 85,843 64,533 Accounts receivable 21,513 16,805 16,326 10, eso 8,995 Compute trend percents for the above accounts, using 2017 as the bose year. For each of the three accounts, state whether the situation as revealed by the trend percents appears to be favorable or unfavorable. Numerator: Denominator: Trend percent 11111 % % 2021: 2020: 2019: % 11 % 2018: 111 % 2017: Is the trend percent for Net Sales favorable or unfavorable? Trend Percent for Cost of Goods Sold: Denominator: Numerator: Trend percent % 11 III % 2021: 2020: 2019: 2018: 2017: Is the trend percent for Cost of Goods Sold favorable or unfavorable ? e de % % HII % Trend Percent for Accounts Receivable: Denominator: Numerator: 1 1 Trend percent 2021: 1 % % 2020: 1 1111111 2019: 1 % 2018: 1 2017: / Is the trend percent for Accounts Receivable favorable or unfavorable? % %

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Income Tax Fundamentals 2013

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

31st Edition

1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516

Students also viewed these Accounting questions