SalesCost of goods soldAccounts receivable2021$ 611,353302,06329,4672020$ 399,577197,54323,3752019$ 313,394156,76321,4992018$ 213,921105,87112,5572017$ 153,90075,41110,511Compute 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. Numerator:Numerator:Trend Percent for Net Sales:2021:2020:2019:2018:2017:Is the trend percent for Net Sales favorable or unfavorable?1111111Numerator:Denominator:Trend Percent for Cost of Goods Sold:IDenominator:1111112021:2020:2019:2018:2017:Is the trend percent for Cost of Goods Sold favorable or unfavorable?Trend Percent for Accounts Receivable:Denominator:I111112021:2020:2019:2018:2017:Is the trend percent for Accounts Receivable favorable or unfavorable?||=||=11IIII=||=111111IITrend percentTrend percentTrend percent%%%%%%se88%%%

Introduction: Trend analysis is a tool used by the management to evaluate performance of the company…

Sales Cost of goods sold Accounts receivable 2021 $ 611,353 302,063 29,467 2020 $ 399,577 197,543 23,375 2019 $ 313,394 156,763 21,499 2018 $ 213,921 105,871 12,557 2017 $ 153,900 75,411 10,511 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.

Sales Cost of goods sold Accounts receivable 2021 $ 611,353 302,063 29,467 2020 $ 399,577 197,543 23,375 2019 $ 313,394 156,763 21,499 2018 $ 213,921 105,871 12,557 2017 $ 153,900 75,411 10,511 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.

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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Compute trend percents for the following accounts using 2020 as the base year. For each of the three accounts, state whether the situation as revealed by the trend percents appears to be favourable or unfavourable. Sales Cost of goods sold Accounts receivable Numerator: 2024 $ 754,236 372,126 36,731 Numerator: 1 2023 $ 499,494 246,502 29,121 Trend Percent for Net Sales: 1 1 1 1 1 1 2024: 2023: 2022: 2021: 2020: Is the trend percent for Net Sales favourable or unfavourable? 2022 $394,857 196,780 27,127 Prev Denominator: Trend Percent for Cost of Goods Sold: 1 Denominator: 5 of 8 2021 $ 265,005 131,752 15,529 = Next > 2020 $ 196,300 96,187 13,407 Trend percent % % % % %
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Number 3
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The following select financial statement information from Candid Photography. CANDID PHOTOGRAPHY Year Net Credit Sales Ending Accounts Receivable 2017 $2,988,000 $1,290,450 2018 2019 3,750,860 4,000,350 1,345,600 1,546,550 Compute the accounts receivable turnover ratios and the number of days' sales in receivables ratios for 2018 and 2019 (round answers to two decimal places). What is the Average Accounts Receivable? What is the Net Credit Sales that would be used? What is the Accounts Relievable Turnover? what is the Days in Receivable Ratio?
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please anwer all the questions i have mentioned below : - A company has the following items for the fiscal year 2020: Cash = 2 million Marketable securities = 3 million Account receivables (A/R) = 1.5 million Inventories = 8.5 million Total current liabilities = 8 million Calculate the company’s current ratio and quick ratio 2. Write the formula for the following ratios and what each ratio measures: Asset turnover Inventory Turnover and Days Inventory Receivable Collection Period 3. Write down the DuPont framework. How would you explain to your non-MBA non-Finance friend about the DuPont framework and why it is important?