Computing and analyzing trend percents LO P1
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Exercise 13-3 (Algo) Computing and analyzing trend percents LO P1
Sales
Cost of goods sold
Accounts receivable
2021:
2020:
2019:
Numerator:
2021
$ 658,329
338,198
31,929
Numerator:
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.
2020
2019
2018
$ 433,111 $ 339,695 $ 232,668
222,637
25,207
1
1
1
1
Trend Percent for Net Sales:
2018:
2017:
Is the trend percent for Net Sales favorable or unfavorable?
176,644
23,303
1
1
Denominator:
119,661
13,611
Trend Percent for Cost of Goods Sold:
Denominator:
2017
$ 168,600
85,986
11,515
#H
Trend percent
%
%
%
%
%
Transcribed Image Text:2017:
1
Is the trend percent for Net Sales favorable or unfavorable?
Numerator:
2021:
2020:
2019:
2018:
2017:
2021:
2020:
2019:
2018:
1
2017:
1
Is the trend percent for Cost of Goods Sold favorable or unfavorable?
Trend Percent for Cost of Goods Sold:
Denominator:
Numerator:
1
1
Trend Percent for Accounts Receivable:
Denominator:
1
1
1
1
1
1
Is the trend percent for Accounts Receivable favorable or unfavorable?
11
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11
11
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11
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Trend percent
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