Please do not give solution in image format thanku Exercise 13-3 (Static) Computing and analyzing trend percents LO P12017$ 150,00067,0009,000SalesCost of goods soldAccounts receivableNumerator:2021$ 282,880128,20018,1002020$ 270,800122,08017,300Numerator:Compute trend percents for the above accounts, using 2017 as the base year. For each of the three accounts, state whether thesituation as revealed by the trend percents appears to be favorable or unfavorable.2021:2020:2019:2018:2017:Is the trend percent for Net Sales favorable or unfavorable?Trend Percent for Net Sales:2019$ 252,600115,28016,4002021:2020:2019:2018:2017:Is the trend percent for Cost of Goods Sold favorable or unfavorable?Trend Percent for Cost of Goods Sold:Denominator:1Denominator:2018$ 234,560106,44015,200=WB==#R##Trend percent.Trend percent%%%%%%%%%% 2019:2018:2017:Is the trend percent for Net Sales favorable or unfavorable?Numerator:Trend Percent for Cost of Goods Sold:Denominator:12021:72020:12019:72018:12017:1Is the trend percent for Cost of Goods Sold favorable or unfavorable?Numerator:Trend Percent for Accounts Receivable:Denominator:2021:2020:2019:2018:2017:Is the trend percent for Accounts Receivable favorable or unfavorable?1D#=M##=mTrend percentTrend percent%%%*****%%%%%****%%%%

Trend percent is calculated by dividing analysis year figures with the base year figures.

Sales Cost of goods sold Accounts receivable 2021: 2020: 2019: Numerator: 2021 2020 $ 282,880 $ 270,800 128,200 122,080 18,100 17,300 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. Numerator: 2018: 2017: Is the trend percent for Net Sales favorable or unfavorable? 2019 $ 252,600 115,280 16,400 Trend Percent for Net Sales: 2021: 2020: 2019: 2018: 2017: is the trend percent for Cost of Goods Sold favorable or unfavorable? Denominator: Trend Percent for Cost of Goods Sold: Denominator: 2018 $ 234,560 106,440 15,200 ## = B = 2017 $ 150,000 67,000 9,000 = Trend percent Trend percent % % % % % % % % % %

Sales Cost of goods sold Accounts receivable 2021: 2020: 2019: Numerator: 2021 2020 $ 282,880 $ 270,800 128,200 122,080 18,100 17,300 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. Numerator: 2018: 2017: Is the trend percent for Net Sales favorable or unfavorable? 2019 $ 252,600 115,280 16,400 Trend Percent for Net Sales: 2021: 2020: 2019: 2018: 2017: is the trend percent for Cost of Goods Sold favorable or unfavorable? Denominator: Trend Percent for Cost of Goods Sold: Denominator: 2018 $ 234,560 106,440 15,200 ## = B = 2017 $ 150,000 67,000 9,000 = Trend percent Trend percent % % % % % % % % % %

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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Question

Please do not give solution in image format thanku

Exercise 13-3 (Static) Computing and analyzing trend percents LO P1
2017
$ 150,000
67,000
9,000
Sales
Cost of goods sold
Accounts receivable
Numerator:
2021
$ 282,880
128,200
18,100
2020
$ 270,800
122,080
17,300
Numerator:
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.
2021:
2020:
2019:
2018:
2017:
Is the trend percent for Net Sales favorable or unfavorable?
Trend Percent for Net Sales:
2019
$ 252,600
115,280
16,400
2021:
2020:
2019:
2018:
2017:
Is the trend percent for Cost of Goods Sold favorable or unfavorable?
Trend Percent for Cost of Goods Sold:
Denominator:
1
Denominator:
2018
$ 234,560
106,440
15,200
=
W
B
=
=
#
R
##
Trend percent
.
Trend percent
%
%
%
%
%
%
%
%
%
%

2019:
2018:
2017:
Is the trend percent for Net Sales favorable or unfavorable?
Numerator:
Trend Percent for Cost of Goods Sold:
Denominator:
1
2021:
7
2020:
1
2019:
7
2018:
1
2017:
1
Is the trend percent for Cost of Goods Sold favorable or unfavorable?
Numerator:
Trend Percent for Accounts Receivable:
Denominator:
2021:
2020:
2019:
2018:
2017:
Is the trend percent for Accounts Receivable favorable or unfavorable?
1
D
#
=
M
#
#
=
m
Trend percent
Trend percent
%
%
%
*****
%
%
%
%
%
****
%
%
%
%

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