Exercise 13-3 (Algo) Computing and analyzing trend percents LO P1 Sales Cost of goods sold Accounts receivable 2021 $ 509,524 267,402 24,661 2020 $ 335,213 176,061 19,643 2019 2018 $ 268,170 $ 183,678 142,498 96,513 18,396 10,764 2017 $ 133, 100 69,212 9,131 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 13-3 (Algo) Computing and analyzing trend percents LO P1 Sales Cost of goods sold Accounts receivable 2021 $ 509,524 267,402 24,661 2020 $ 335,213 176,061 19,643 2019 2018 $ 268,170 $ 183,678 142,498 96,513 18,396 10,764 2017 $ 133, 100 69,212 9,131 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.

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Description: A4 Exercise 13-3 (Algo) Computing and analyzing trend percents LO P1SalesCost of goods soldAccounts receivable2021:2020:Numerator:2019:2018:2017:2021$ 509,524267,40224,661Compute trend percents for the above accounts, using 2017 as the base year. For

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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