SalesCost of goods soldAccounts receivable2021:2020:2018:2018:2021:20:20:Compute trend percents for the above accounts, using 2017 as the bese year. For each of the three accounts, state whether thesituation as revealed by the trend percents appears to be favorable or unfavorable.Numerator:2021:2020:2018:2018:2821$ 553,453284, 86126,808Numerator:Numerator:T2017:Is the trend parcent for Net Sales favorable or unfavorable?ITrend Perent for Net Bales:I}J2828JI184,98621,0602018:2018:2017:Is the trend percent for Cost of Goods Sold favorable or unfavorable?Trend Percent for Cost of Goods Bold:Denominator:2019$ 295,790154,00320,232T"IDenominator:Trend Perent for Accounts Receivable:Denominator:2018$ 283,903185,58611,8932017:Is the trend percent for Accounts Receivable favorable or unfavorable?1111"H||||||1111112817$ 148,00075,93910,17011Trend percentTrend parcantTrend percentaan| 20

Trend Analysis is an analysis that shows the per cent calculation using base year and later periods.…

Sales Cost of goods sold Accounts receivable 2021: 2020 2010: 2018: 2021: 2020: Compute trend percents for the above accounts, using 2017 as the bese year. For each of the three accounts, state whether the situation as revealed by the trend percents appears to be favorable or unfavorable. 2010: 2018: Numerator: 2021: 2020: 2017: is the trend percent for Not Sales favorable or unfavorable? 2010: 2018: 2021 $ 553,453 284, 861 26,808 Numerator: Numerator: 1 I I Trend Percent for NetBales: 2020 $350,385 184,086 21,060 1 2010 $295,700 154,003 20,232 I I Trend Percent for Cost of Goods Bold: Denominator: 2017: is the trend percent for Cost of Goods Sold favorable or unfavorable? Denominator: " Trend Percent for Accounts Receivable; Denominator: 2018 $ 201,003 105,586 11,801 2017: Is the trend parcant for Accounts Receivable favorable or unfavorable? 2017 $148,000 75,030 10,170 Trend percent Trend parcant Trend parcant

Sales Cost of goods sold Accounts receivable 2021: 2020 2010: 2018: 2021: 2020: Compute trend percents for the above accounts, using 2017 as the bese year. For each of the three accounts, state whether the situation as revealed by the trend percents appears to be favorable or unfavorable. 2010: 2018: Numerator: 2021: 2020: 2017: is the trend percent for Not Sales favorable or unfavorable? 2010: 2018: 2021 $ 553,453 284, 861 26,808 Numerator: Numerator: 1 I I Trend Percent for NetBales: 2020 $350,385 184,086 21,060 1 2010 $295,700 154,003 20,232 I I Trend Percent for Cost of Goods Bold: Denominator: 2017: is the trend percent for Cost of Goods Sold favorable or unfavorable? Denominator: " Trend Percent for Accounts Receivable; Denominator: 2018 $ 201,003 105,586 11,801 2017: Is the trend parcant for Accounts Receivable favorable or unfavorable? 2017 $148,000 75,030 10,170 Trend percent Trend parcant Trend parcant

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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S-3 Calculating trend analysis
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