The following table shows data for Tommy Bourke Health Centre for the past 5 years ending the 31 December 2020 2020 2019 2018 2017 2016 Net $19,500 $17,400 $18,200 $16,500 $14,900 Sales COGS 9,500 10,300 9,500 8,900 8,000 Inventory 13,00 12,200 8,700 9,500 9,300 Net A/R 7,500 6,800 7,200 7,000 6,500 Assume 2016 is the base year. What is the trend % in Net Accounts Receivable in 2018? Select one: O a. 104.62 O b. 107.69 c. 110.77 O d. 100

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The following table shows data for Tommy Bourke Health Centre for the past 5 years ending the 31 December 2020
2020
2019
2018
2017
2016
Net
$19,500 $17,400 $18,200 $16,500 $14,900
Sales
COGS
9,500
10,300
9,500
8,900
8,000
Inventory 13,000
12,200
8,700
9,500
9,300
Net A/R
7,500
6,800
7,200
7,000
6,500
Assume 2016 is the base year.
What is the trend % in Net Accounts Receivable in 2018?
Select one:
a. 104.62
b. 107.69
c. 110.77
O d. 100
Transcribed Image Text:The following table shows data for Tommy Bourke Health Centre for the past 5 years ending the 31 December 2020 2020 2019 2018 2017 2016 Net $19,500 $17,400 $18,200 $16,500 $14,900 Sales COGS 9,500 10,300 9,500 8,900 8,000 Inventory 13,000 12,200 8,700 9,500 9,300 Net A/R 7,500 6,800 7,200 7,000 6,500 Assume 2016 is the base year. What is the trend % in Net Accounts Receivable in 2018? Select one: a. 104.62 b. 107.69 c. 110.77 O d. 100
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