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Sales Cost of goods sold 2021 $ 80,000 67,500 Required A Required B Sales Cost of goods sold 2020 $ 74,000 60,300 Dollar amounts stated are in thousands. a. Compute trend percentages for the above items taken from the financial statements of Lopez Plumbing over a five- year period. Treat 2017 as the base year. b. State whether the trends are favorable or unfavorable. Complete this question by entering your answers in the tabs below. 2021 % % Compute trend percentages for the above items taken from the financial statements of Lopez Plumbing over a five-year per Treat 2017 as the base year. (Round your answers to the nearest whole percent. i.e. 1.2345 as 123%.) 2019 $ 59,000 45,300 2020 % % < Required A 2018 $ 58,000 37,200 2019 % % 2017 $ 50,000 30,000 2018 % % Required B > 2017 % %

Sales Cost of goods sold 2021 $ 80,000 67,500 Required A Required B Sales Cost of goods sold 2020 $ 74,000 60,300 Dollar amounts stated are in thousands. a. Compute trend percentages for the above items taken from the financial statements of Lopez Plumbing over a five- year period. Treat 2017 as the base year. b. State whether the trends are favorable or unfavorable. Complete this question by entering your answers in the tabs below. 2021 % % Compute trend percentages for the above items taken from the financial statements of Lopez Plumbing over a five-year per Treat 2017 as the base year. (Round your answers to the nearest whole percent. i.e. 1.2345 as 123%.) 2019 $ 59,000 45,300 2020 % % < Required A 2018 $ 58,000 37,200 2019 % % 2017 $ 50,000 30,000 2018 % % Required B > 2017 % %

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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Sales Cost of goods sold Dollar amounts stated are in thousands. 2021 $ 80,000 67,500 Required A Required B Sales Cost of goods sold 2020 $ 74,000 60, 300 a. Compute trend percentages for the above items taken from the financial statements of Lopez Plumbing over a five- year period. Treat 2017 as the base year. b. State whether the trends are favorable or unfavorable. Complete this question by entering your answers in the tabs below. 2021 % % Compute trend percentages for the above items taken from the financial statements of Lopez Plumbing over a five-year per Treat 2017 as the base year. (Round your answers to the nearest whole percent. i.e. 1.2345 as 123%.) < 2019 $ 59,000 45,300 2020 % % Required A 2018 $ 58,000 37,200 2019 % % 2017 $ 50,000 30,000 2018 % % Required B > 2017 % %
Transcribed Image Text:Sales Cost of goods sold Dollar amounts stated are in thousands. 2021 $ 80,000 67,500 Required A Required B Sales Cost of goods sold 2020 $ 74,000 60, 300 a. Compute trend percentages for the above items taken from the financial statements of Lopez Plumbing over a five- year period. Treat 2017 as the base year. b. State whether the trends are favorable or unfavorable. Complete this question by entering your answers in the tabs below. 2021 % % Compute trend percentages for the above items taken from the financial statements of Lopez Plumbing over a five-year per Treat 2017 as the base year. (Round your answers to the nearest whole percent. i.e. 1.2345 as 123%.) < 2019 $ 59,000 45,300 2020 % % Required A 2018 $ 58,000 37,200 2019 % % 2017 $ 50,000 30,000 2018 % % Required B > 2017 % %
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