Question
Using 2012 as the base year, prepare a trend analysis for the following data. (Round your answers to one decimal place.) 2014 2013 2012 Net
Using 2012 as the base year, prepare a trend analysis for the following data. (Round your answers to one decimal place.)
2014 2013 2012
Net sales $316,000 $272,000 $224,00
Accounts receivable (net) 86,000 64,000 42,000
2014 2013 2012
Net sales: % % %
Accounts receivable (net): % % %
Tell whether the results suggest a favorable or unfavorable trend.
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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
