Compute trend percents for the following accounts, using 2014 as the base year (round the percents to

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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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Financial Accounting Information for Decisions

ISBN: 978-1259917042

9th edition

Authors: John J. Wild

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Question Posted: Nov 13, 2019 05:09 AM

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Compute trend percents for the following accounts, using 2014 as the base year (round the percents to

Question:

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

Financial Accounting Information for Decisions

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