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 % %
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
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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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