Compute trend percents for the following accounts, using 2014 as the base year (round the percents to
Question:
Compute trend percents for the following accounts, using 2014 as the base year (round the percents to whole numbers). State whether the situation as revealed by the trends appears to be favorable or unfavorable for each account.
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2016 2017 2015 2014 2018 Sales Cost of goods sold Accounts receivable. $282,880 128,200 $270,800 122,080 $252,600 115,280 $234,560 $150,000 106,440 67,000 9,000 18.100 17.300 16,400 15.200
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2018 2017 2016 2015 2014 Sales 189 181 168 156 100 Cost of goods sold 19...View the full answer
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Related Book For
Financial Accounting Information for Decisions
ISBN: 978-1259917042
9th edition
Authors: John J. Wild
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