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.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter10: Inventory

Section: Chapter Questions

Problem 12PA: Compare the calculations for gross margin for A76 Company, based on the results of the perpetual...

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Accounting Question
Dinesh Bhai
Subject : accounting
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