Numerator:Trend Percent for Cost of Goods Sold:Denominator:Numerator:172021:2020:2019:2018:2017:Is the trend percent for Cost of Goods Sold favorable or unfavorable?11Trend Percent for Accounts Receivable:1Denominator:2021:2020:2019:2018:2017:7Is the trend percent for Accounts Receivable favorable or unfavorable?111ITrend percentTrend percent%%%196% Exercise 13-3 (Algo) Computing and analyzing trend percents LO P1SalesCost of goods soldAccounts receivable2021:2020:Numerator:2019:2018:2017:2021$ 599,194302,14728,941Compute trend percents for the above accounts, using 2017 as the base year. For each of the three accounts, state whether thesituation as revealed by the trend percents appears to be favorable or unfavorable.Numerator:2021:2020:2019:2018:2017:Is the trend percent for Net Sales favorable or unfavorable?Trend Percent for Net Sales:1112028$ 389,087196,34422,684112019$ 320,236163,46821,8401Trend Percent for Cost of Goods Sold;1Denominator:Denominator:2018$ 216,376109,93812,7012017$159,10079,55810,930Trend percentTrend percent%%%%%%%%%

Trend Analysis: Trend analysis is a tool to predict the future trend of stocks or sales, it is the…

Exercise 13-3 (Algo) Computing and analyzing trend percents LO P1 2018 $216,376 109,938 12,701 Sales Cost of goods sold Accounts receivable 2021: 2020: 2019: 2040 2021 $ 599,194 302,147 28,941 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 $ 389,087 196,344 22,684 1 2019 $ 320,236 163,468 21,840 Trend Percent for Net Sales: 1 2017 $ 159,100 79,558 10,930 Denominator: Trend percent

Exercise 13-3 (Algo) Computing and analyzing trend percents LO P1 2018 $216,376 109,938 12,701 Sales Cost of goods sold Accounts receivable 2021: 2020: 2019: 2040 2021 $ 599,194 302,147 28,941 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 $ 389,087 196,344 22,684 1 2019 $ 320,236 163,468 21,840 Trend Percent for Net Sales: 1 2017 $ 159,100 79,558 10,930 Denominator: Trend percent

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Please answer required 1,2,3
Forecast the ATO based on the following data. Sales 1 $66.170B Sales 2 $66.463B NOA 1 $107.760B NOA 2 $109.727B PM average is 14.5% Post you answer with 2 decimal. 0.88 for example
Base on the financial ratios of company A, what is your recommendations and conclusion for company A.
Using the financial statements in the image, calculate the following ratios for both the FY 2017 and FY 2018: Current Ratio Quick Ratio Total Asset Turnover Average Collection Total Debt to Total Assets Times Interest Earned Net Profit Margin Return on Assets Return on Equity Modified Du Point Equation for FY 2018 PE Ratio Market to Book Ratio
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.
Abhaliya
1 Condensed financial statements for Games Galore are summarized below: 2 3 Balance Sheet 4 Cash 5 Accounts Receivable, Net 6 Inventory 7 Prepaid Insurance 8 Total Current Assets 9 Property and Equipment, Net 10 Total Assets 11 12 Current Liabilities 13 Long-term Liabilities 14 Total Liabilities 15 Contributed Capital 16 Retained Earnings 17 Total Stockholders' Equity 18 Total Liabilities and Stockholders' Equity 19 20 Income Statement 21 Net Sales (all on account) 22 Cost of Goods Sold 23 Gross Profit 24 Operating Expenses 25 Income from Operations 26 Interest Expense 27 Income before Income Tax Expense 28 Income Tax Expense 29 Net Income 30 READY Attempt(s) Sheet1 $ $ $ $ B $ 2016 185,000 $ 80,000 104,000 11,900 380,900 514,500 895,400 $ 85,300 284,000 369,300 299,000 227,100 526,100 895,400 $ $ 3,031,000 1,949,000 1,082,000 891,400 $ 190,600 14,500 176,100 47,000 129,100 4 C 2015 143,000 59,000 134,000 5,880 341,880 407,000 748,880 96,800 224,000 320,800 299,000 129,080 428,080…
What does this say about the company?
Calculate the market deemed prospect - price earnings, market-to-book ratios, 2020 and describe the change above aspects in 2020 compared 2019.
ssubject :-Accounting
2021 2020 2019 2018 2017 Sales Cost of goods sold Accounts receivable $ 479,191 246,837 23,289 $ 315,257 $ 247,260 $ 167,634 $ 120,600 162,481 18,379 129,153 16,888 87,443 9,807 61,506 8,249 Compute trend percents for the above accounts, using 2017 as the base year. For each of the three acco situation as revealed by the trend percents appears to be favorable or unfavorable. 2021: 2020: 2019: 2018: 2017: Trend Percent for Net Sales: Numerator: 1 Denominator: 1 1 Is the trend percent for Net Sales favorable or unfavorable? 2021: 2020: 2019: 2018: 2017: Trend Percent for Cost of Goods Sold: Numerator: Denominator: 1 1 1 Is 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 % % % % % 11 Trend percent = % % % = % %
Industry Financial Ratios (2019)Quick ratio 1.0Current ratio 2.7Inventory turnover 7.0Total assets turnover 2.6Return on assets 9.1%Return on equity 18.2%Debt ratio 50.0%Gross Profit margin 20%Net Profit margin 3.5%P/E ratio 6.0RequiredCalculate Walton’s 2019 ratios, interpret and compare them with the industry averagedata, and comment briefly on Walton’s strengths and weaknesses.