Exercise 13-3 (Algo) Computing and analyzing trend percents LO P1 2021 2020 2018 $ $ $ 2019 $ 357,357 261,800 330,822 220,581 178,305 129,482 670,044 446,696 32,296 26,042 24,372 15, 289 Sales Cost of goods sold Accounts receivable 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: I Denominator: 1 1 1 1 I Numerator: 2021: 2020: 2019: 2018: 2017: Is the trend percent for Net Sales favorable or unfavorable? Trend Percent for Cost of Goods Sold: Numerator: Denominator: I 1 2021: 2020: 2019: 2018: 2017: Is the trend percent for Cost of Goods Sold favorable or unfavorable? / T / 1 Trend Percent for Accounts Receivable: Numerator: I Denominator: / 1 / 1 1 2021: 2020: 2019: 2018: 2017: Is the trend percent for Accounts Receivable favorable or unfavorable? E = = = = = = = = 2017 $ 192,500 94, 325 13, 148 = Trend percent % % % % % Trend percent % % % % % Trend percent % % % % %

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Chapter1: Financial Statements And Business Decisions
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Exercise 13-3 (Algo) Computing and analyzing trend percents LO P1 Compute trend percents for the above accounts, using 2017 as the base year. For each of the three accounts, stat whether the situation as revealed by the
trend percents appears to be favorable or unfavorable.
Transcribed Image Text:Exercise 13-3 (Algo) Computing and analyzing trend percents LO P1 Compute trend percents for the above accounts, using 2017 as the base year. For each of the three accounts, stat whether the situation as revealed by the trend percents appears to be favorable or unfavorable.
Exercise 13-3 (Algo) Computing and analyzing trend percents LO P1
2021
2020
2018
$
$
$
2019
$
357,357 261,800
330,822 220,581 178,305 129,482
670,044 446,696
32,296
26,042 24,372
15, 289
Sales
Cost of goods
sold
Accounts
receivable
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:
I
Denominator:
1
1
1
1
I
Numerator:
2021:
2020:
2019:
2018:
2017:
Is the trend percent for Net Sales favorable or unfavorable?
Trend Percent for Cost of Goods Sold:
Numerator:
Denominator:
I
1
2021:
2020:
2019:
2018:
2017:
Is the trend percent for Cost of Goods Sold favorable or
unfavorable?
/
T
/
1
Trend Percent for Accounts Receivable:
Numerator:
I
Denominator:
/
1
/
1
1
2021:
2020:
2019:
2018:
2017:
Is the trend percent for Accounts Receivable favorable or
unfavorable?
E
=
=
=
=
=
=
=
=
2017
$
192,500
94, 325
13, 148
=
Trend percent
%
%
%
%
%
Trend percent
%
%
%
%
%
Trend percent
%
%
%
%
%
Transcribed Image Text:Exercise 13-3 (Algo) Computing and analyzing trend percents LO P1 2021 2020 2018 $ $ $ 2019 $ 357,357 261,800 330,822 220,581 178,305 129,482 670,044 446,696 32,296 26,042 24,372 15, 289 Sales Cost of goods sold Accounts receivable 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: I Denominator: 1 1 1 1 I Numerator: 2021: 2020: 2019: 2018: 2017: Is the trend percent for Net Sales favorable or unfavorable? Trend Percent for Cost of Goods Sold: Numerator: Denominator: I 1 2021: 2020: 2019: 2018: 2017: Is the trend percent for Cost of Goods Sold favorable or unfavorable? / T / 1 Trend Percent for Accounts Receivable: Numerator: I Denominator: / 1 / 1 1 2021: 2020: 2019: 2018: 2017: Is the trend percent for Accounts Receivable favorable or unfavorable? E = = = = = = = = 2017 $ 192,500 94, 325 13, 148 = Trend percent % % % % % Trend percent % % % % % Trend percent % % % % %
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