1WookHintPrint♫References6SalesCost of goods soldAccounts receivableNumerator:2821$ 522,732269,04325,300Numerator: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.Type here to search12021:2020:2019:2018:2017:Is the trend percent for Net Sales favorable or unfavorable?Numerator:2020$ 348,488179,47920,456Trend Percent for Net Sales:1T11112021:T2020:12019:T2018:12017:1Is the trend percent for Cost of Goods Sold favorable or unfavorable?2019$ 279,918146,25419,146Trend Percent for Cost of Goods Sold:1Denominator:Denominator:Trend Percent for Accounts Receivable:IDenominator:2021:2020:2019:2018:12017:1Is the trend percent for Accounts Receivable favorable or unfavorable?111O2018$ 195,059101,23011,352==M=========2017$ 148,90075,93910, 200Trend percentTrend percentTrend percent96%6%%96%696%696%6%%6%%%

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Description: 1WookHintPrint♫References6SalesCost of goods soldAccounts receivableNumerator:2821$ 522,732269,04325,300Numerator:Compute trend percents for the above accounts, using 2017 as the base year. For each of the three accounts, state whether thesituation

TREND PERCENT FOR NET SALES Numerator / Denominator = Trend Percentage 2021…

Business

Accounting

Sales Cost of goods sold Accounts receivable 2821 $ 522,732 269,043 25,300 2020 $ 348,488 179,479 20,456 2019 $ 279,918 146,254 19,146 2018 $ 195,059 101,230 11,352 Trend Percent for Net Sales: 2017 $ 148,900 75,939 10, 200 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 2821 $ 522,732 269,043 25,300 2020 $ 348,488 179,479 20,456 2019 $ 279,918 146,254 19,146 2018 $ 195,059 101,230 11,352 Trend Percent for Net Sales: 2017 $ 148,900 75,939 10, 200 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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4. A Company has Net Sales of 2,000,000 for 2020, Accounts Recitable for 500,000 in 2020, and Accounts Receivable of 350,000 in 2019. Calculate the Accounts Receivable Turnover Ratio.
GIVE THE COMPARATIVE INCOME STATEMENT VERTICAL ANALYSIS FROM THE FOLLOWING INCOME STATEMENT BELOW JOLLIBEE INCOME STATEMENT ITEM 2016 2017 2018 2019 2020 Sales/Revenue 113.81B 133.61B 161.17B 179.63B 129.31B Sales Growth - 17.40% 20.62% 11.45% -28.01% Cost of Goods Sold (COGS) incl. D&A - - 132.96B 150.88B 115.39B COGS Growth - - - 13.47% -23.52% COGS excluding D&A 89.27B 105.39B 121.08B 137.38B 100.82B Depreciation & Amortization Expense 4B 4.75B 11.89B 13.5B 14.57B Depreciation 3.93B 4.66B 11.73B 13.34B 14.32B Amortization of Intangibles 68.99M 78.95M 151.82M 145.42M 245.23M Gross Income 20.54B 23.48B 28.21B 28.75B 13.92B Gross Income Growth - 14.30% 20.12% 1.93% -51.57% Gross Profit Margin - - - - 10.77% SG&A Expense - - 17.64B 20.21B 20.42B SGA Growth - - - 14.57% 1.02%…
1 Condensed financial statements for Games Galore are summarized below: 2 3 Balance Sheet 4 Cash 5 Accounts Receivable, Net 6 Inventory 7 Prepaid Insurance 8 Total Current Assets 9 Property and Equipment, Net 10 Total Assets 11 12 Current Liabilities 13 Long-term Liabilities 14 Total Liabilities 15 Contributed Capital 16 Retained Earnings 17 Total Stockholders' Equity 18 Total Liabilities and Stockholders' Equity 19 20 Income Statement 21 Net Sales (all on account) 22 Cost of Goods Sold 23 Gross Profit 24 Operating Expenses 25 Income from Operations 26 Interest Expense 27 Income before Income Tax Expense 28 Income Tax Expense 29 Net Income 30 READY Attempt(s) Sheet1 $ $ $ $ B $ 2016 185,000 $ 80,000 104,000 11,900 380,900 514,500 895,400 $ 85,300 284,000 369,300 299,000 227,100 526,100 895,400 $ $ 3,031,000 1,949,000 1,082,000 891,400 $ 190,600 14,500 176,100 47,000 129,100 4 C 2015 143,000 59,000 134,000 5,880 341,880 407,000 748,880 96,800 224,000 320,800 299,000 129,080 428,080…
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Subject : accounting
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