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2021 $ 464,837 225,622 22,638 2020 2915 $ 244,973 120,B87 16, ses 2018 sales cost of goods sold Accounts receivable $ 309,891 150, 290 18,098 $ 167,217 1,264 9,765 2017 $ 120,300 57,744 8,204 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 Salex: Denominator: Base year accounts receivable Numerator: Analysis period net sales Trend percent 2021: 2020 2019 2018 2017 s the trend percent for Net Sales favorable or unfavorable? Trend Percent for Cost of Goods Sold: Numerator Denominator: Trend percent 2021 2020 2019 2018 2017 Is the rend percent for Cost of Goods Sold favorable or untavorable? Irend Percent for. Accounts Receivable: Numerator Denominator Trend percent 2021 2020: 2019: 2018 2017 Is the trend percent for Accounts Receivable favorable or unfavorable?

2021 $ 464,837 225,622 22,638 2020 2915 $ 244,973 120,B87 16, ses 2018 sales cost of goods sold Accounts receivable $ 309,891 150, 290 18,098 $ 167,217 1,264 9,765 2017 $ 120,300 57,744 8,204 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 Salex: Denominator: Base year accounts receivable Numerator: Analysis period net sales Trend percent 2021: 2020 2019 2018 2017 s the trend percent for Net Sales favorable or unfavorable? Trend Percent for Cost of Goods Sold: Numerator Denominator: Trend percent 2021 2020 2019 2018 2017 Is the rend percent for Cost of Goods Sold favorable or untavorable? Irend Percent for. Accounts Receivable: Numerator Denominator Trend percent 2021 2020: 2019: 2018 2017 Is the trend percent for Accounts Receivable favorable or unfavorable?

FINANCIAL ACCOUNTING
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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2020 $ 309,891 15e, 290 18, ess 2021 2019 2018 2017 sales cost of goods sold Accounts receivable $ 464,837 225,622 22,638 $ 244,973 120,887 16,ses $ 167,217 81,264 9,765 $ 120,300 57,744 8,204 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: Denominator: Base year accounts receivable Numerator: Analysis period net sales Trend percent 2021: 2020: 2019 2018: 2017 s the trend percent for Net Sales favorable or unfavorable? Trend Percent for Cost of Goods Sold: Numerator: Denominator Trend percent 2021: 2020: 2019 2018 2017 Is the trend percent for Cost of Goods Sold favorable or unfavorable? Trend Percent for Accounts Receivables Numerator Denominator Trend percent 2021 2020: 2019: 2018 2017: Is the trend percent for Accounts Receivable favorable or unfavorable?
Transcribed Image Text:2020 $ 309,891 15e, 290 18, ess 2021 2019 2018 2017 sales cost of goods sold Accounts receivable $ 464,837 225,622 22,638 $ 244,973 120,887 16,ses $ 167,217 81,264 9,765 $ 120,300 57,744 8,204 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: Denominator: Base year accounts receivable Numerator: Analysis period net sales Trend percent 2021: 2020: 2019 2018: 2017 s the trend percent for Net Sales favorable or unfavorable? Trend Percent for Cost of Goods Sold: Numerator: Denominator Trend percent 2021: 2020: 2019 2018 2017 Is the trend percent for Cost of Goods Sold favorable or unfavorable? Trend Percent for Accounts Receivables Numerator Denominator Trend percent 2021 2020: 2019: 2018 2017: Is the trend percent for Accounts Receivable favorable or unfavorable?
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