20212020201920182017SalesCost of goods soldAccounts receivable$ 479,191246,83723,289$ 315,257$ 247,260 $ 167,634$ 120,600162,48118,379129,15316,88887,4439,80761,5068,249Compute trend percents for the above accounts, using 2017 as the base year. For each of the three accosituation as revealed by the trend percents appears to be favorable or unfavorable.2021:2020:2019:2018:2017:Trend Percent for Net Sales:Numerator:1Denominator:11Is the trend percent for Net Sales favorable or unfavorable?2021:2020:2019:2018:2017:Trend Percent for Cost of Goods Sold:Numerator:Denominator:111Is the trend percent for Cost of Goods Sold favorable or unfavorable?2021:2020:2019:2018:2017:Trend Percent for Accounts Receivable:Numerator:Denominator:Is the trend percent for Accounts Receivable favorable or unfavorable?=Trend percent%9900=%=%=%%Trend percent%%%%%11Trend percent=%%%=%%

Reference: 12.2 Calculating Trend Percentages | Managerial Accounting. (n.d.).…

Answered: 2021 2020 2019 2018 2017 Sales Cost of…

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter6: Receivables And Inventories

Section: Chapter Questions

Problem 6.3MBA

See similar textbooks

Similar questions

How do I solve these step-by-step?
Exercise 13-3 (Algo) Computing and analyzing trend percents LO P1 Sales Cost of goods sold. Accounts receivable 2021 $ 424,322 214,661 20,580 Numerator: 2020 $ 279,159 141, 180 16,303 2019 $ 218,948 112,924 15,042 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. Trend Percent for Net Sales: 2021: 2020: 2019: 2018: 2017: Is the trend percent for Net Sales favorable or unfavorable? 2018 $ 153,648 78,724 8,973 Denominator: 2017 $ 116,400 58,200 7,973 11 Trend percent % % ge % % %
2021 2020 2019 2018 2017 $ 394,032 199,466 19,071 $ 262,688 132,894 15,394 $ 205,225 $ 150,348 76,774 8,780 $ 112,200 56,100 Sales Cost of goods sold Accounts receivable 106,013 14,058 7,708 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. Trend Percent for Net Sales: Numerator: Denominator: Trend percent 2021: % 2020: % 2019: % %3D 2018: % = 2017: % Is the trend percent for Net Sales favorable or unfavorable? Trend Percent for Cost of Goods Sold: Numerator: Denominator: Trend percent %3D 2021: % 2020: % 2019: % %3D 2018: % = 2017: %3D Is the trend percent for Cost of Goods Sold favorable or unfavorable? Trend Percent for Accounts Receivable: Numerator: Denominator: Trend percent %3D 2021: % 2020: % %3D 2019: % = 2018: % 2017: % %3D Is the trend percent for Accounts Receivable favorable or unfavorable? II II IL || II
A4
What is the Analysis for year 2018 - 2020?
Exercise 13-3 (Algo) Computing and analyzing trend percents LO P1 Sales Cost of goods sold Accounts receivable. 2021 $ 706,675 363,004 34,274 2020 2019 $464,918 $ 371,9341 238,808 193, 136 27,058 25,477 2018 $ 260,094 133,898 15,268 2017 $ 194, 100 98,991 13,296 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.
Please Do not Give image format
explain the result of ACCOUNTS RECEIVABLE TURNOVER RATIO DAYS TO COLLECT INVENTORY TURNOVER DAYS TO SELL ACCOUNTS PAYABLE TURNOVER
2021 2020 2019 2018 2017 Sales $ 489,967 $ 322,347 $ 256,850 $ 180,880 $ 136,000 Cost of goods sold 252,383 166,097 134,444 94,199 69,360 Accounts receivable 23,763 18,857 17,594 10,600 9,302 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.
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
Cost of goods sold Average inventory 2020 2021 2022 $923,550 $980,640 126,290 Inventory Turnover 7.3 2021 6.3 5.3 156,510 2022 (a) Do a trend analysis of the inventory turnover for each year. Also calculate the days to sell invento (Round inventory turnover to 2 decimal places, e.g. 18.42 and number of days to 1 decimal place, e.g. 13.6., $1,149,910 $1,329,510 208,410 Number of Days 2023 321,820 days days days 2024 $1,408,530 451,860
Compute trend percents for the following accounts using 2020 as the base year. For each of the three accounts, state whether the situation as revealed by the trend percents appears to be favourable or unfavourable. Sales Cost of goods sold Accounts receivable Numerator: 2024 $ 754,236 372,126 36,731 Numerator: 1 2023 $ 499,494 246,502 29,121 Trend Percent for Net Sales: 1 1 1 1 1 1 2024: 2023: 2022: 2021: 2020: Is the trend percent for Net Sales favourable or unfavourable? 2022 $394,857 196,780 27,127 Prev Denominator: Trend Percent for Cost of Goods Sold: 1 Denominator: 5 of 8 2021 $ 265,005 131,752 15,529 = Next > 2020 $ 196,300 96,187 13,407 Trend percent % % % % %

SEE MORE QUESTIONS

Recommended textbooks for you

Survey of Accounting (Accounting I)

Accounting

ISBN:

9781305961883

Author:

Carl Warren

Publisher:

Cengage Learning

Financial Accounting

Accounting

ISBN:

9781337272124

Author:

Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:

Cengage Learning

Survey of Accounting (Accounting I)

Accounting

ISBN:

9781305961883

Author:

Carl Warren

Publisher:

Cengage Learning

Financial Accounting

Accounting

ISBN:

9781337272124

Author:

Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:

Cengage Learning

SEE MORE TEXTBOOKS