2019 2015 2017 $ 485,044 S 319,108 $ 248.333 S 175,500 $ 135,000 122,700 16,986 2018 2016 Sales Cost of goods sold Accounts receivable 235,321 85,990 10,284 64,800 9,275 154,722 23,573 18,732 Compute trend percents for the above accounts, using 2015 as the base year. Irend Percent for Net Sales: Choose Numerator: Choose Denominator: Trend percent 2019: %3! 2018: %3D 2017: %3D 2016: Trend Percent for Cost of Goods Sold: Choose Numerator: I Choose Denominator: %3D Trend percent 2019: 2018: %3D 2017: %3D 2016: %3D Trend Percent for Accounts Receivables: Choose Numerator: I Choose Denominator: Trend percent 2019: %3D 2018: %3! 2017: 2016: %%一% I II

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Topic Video
Question
Exercise 17-3 Computing and interpreting trend percents LO P1
2019
2015
2017
$ 485,044 S 319,108 $ 248,333 S 175,500 $ 135,000
122,700
2018
2016
Sales
Cost of goods sold
Accounts receivable
235,321
23,573
154,722
18,732
85,990
10,284
64,800
9.275
16,986
Compute trend percents for the above accounts, using 2015 as the base year.
Trend Percent for Net Sales:
Choose Numerator:
Choose Denominator:
Trend percent
%3D
2019:
2018:
%3D
2017:
%3D
2016
%
%3D
Trend Percent for Cost of Goods Sold:
Choose Numerator:
| Choose Denominator:
Trend percent
2019:
%3!
2018:
%3D
2017:
2016:
Trend Percent for Accounts Receivables:
Choose Numerator:
I Choose Denominator:
Trend percent
2019:
%
%3D
2018:
%
2017:
%3D
%
2016:
%3D
%
rov. 03 24 2020 OC_CS-205360
References
Exercise 17-3 Computing
and interpreting trend
percents LO P1
Expanded table
zto.mheducation.com/hm.tpx?todo=c15SinglePrintView&singleQuestionNo=4.&postSubmissionView=13252713870286193&wid=1325271438... 1
Transcribed Image Text:Exercise 17-3 Computing and interpreting trend percents LO P1 2019 2015 2017 $ 485,044 S 319,108 $ 248,333 S 175,500 $ 135,000 122,700 2018 2016 Sales Cost of goods sold Accounts receivable 235,321 23,573 154,722 18,732 85,990 10,284 64,800 9.275 16,986 Compute trend percents for the above accounts, using 2015 as the base year. Trend Percent for Net Sales: Choose Numerator: Choose Denominator: Trend percent %3D 2019: 2018: %3D 2017: %3D 2016 % %3D Trend Percent for Cost of Goods Sold: Choose Numerator: | Choose Denominator: Trend percent 2019: %3! 2018: %3D 2017: 2016: Trend Percent for Accounts Receivables: Choose Numerator: I Choose Denominator: Trend percent 2019: % %3D 2018: % 2017: %3D % 2016: %3D % rov. 03 24 2020 OC_CS-205360 References Exercise 17-3 Computing and interpreting trend percents LO P1 Expanded table zto.mheducation.com/hm.tpx?todo=c15SinglePrintView&singleQuestionNo=4.&postSubmissionView=13252713870286193&wid=1325271438... 1
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 3 images

Blurred answer
Knowledge Booster
Accounting for Merchandise Inventory
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education