Exercise 17-3 Computing and interpreting trend percents LO P1201920152017$ 485,044 S 319,108 $ 248,333 S 175,500 $ 135,000122,70020182016SalesCost of goods soldAccounts receivable235,32123,573154,72218,73285,99010,28464,8009.27516,986Compute trend percents for the above accounts, using 2015 as the base year.Trend Percent for Net Sales:Choose Numerator:Choose Denominator:Trend percent%3D2019:2018:%3D2017:%3D2016%%3DTrend Percent for Cost of Goods Sold:Choose Numerator:| Choose Denominator:Trend percent2019:%3!2018:%3D2017:2016:Trend Percent for Accounts Receivables:Choose Numerator:I Choose Denominator:Trend percent2019:%%3D2018:%2017:%3D%2016:%3D%rov. 03 24 2020 OC_CS-205360ReferencesExercise 17-3 Computingand interpreting trendpercents LO P1Expanded tablezto.mheducation.com/hm.tpx?todo=c15SinglePrintView&singleQuestionNo=4.&postSubmissionView=13252713870286193&wid=1325271438... 1

Name: Exercise 17-3 Computing and interpreting trend percents LO P120192015
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Description: Exercise 17-3 Computing and interpreting trend percents LO P1201920152017$ 485,044 S 319,108 $ 248,333 S 175,500 $ 135,000122,70020182016SalesCost of goods soldAccounts receivable235,32123,573154,72218,73285,99010,28464,8009.27516,986Compute trend p

Trend analysis is used to analyze the trend on the basis of the base year. The management can make…

Business

Accounting

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

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

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Computing and analyzing trend percents LO P1 2021 2020 2019 2018 2017 Sales $ 446,122 $ 293,501 $ 242,563 $ 173,880 $ 128,800 Cost of goods sold 221,100 145,365 122,206 87,101 63,112 Accounts receivable 21,592 17,140 16,664 10,137 8,784 Compute trend percents for the above accounts, using 2017 as the base year. For each of the three accounts, state whether the situation as revealed by the trend percents appears to be favorable or unfavorable.
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