Question: Exercise 13-3 Computing and interpreting trend percents LO P1 Sales Cost of goods sold Accounts receivable 2019 2018 2017 2016 2015 $ 504,313 $ 327,476


Exercise 13-3 Computing and interpreting trend percents LO P1 Sales Cost of goods sold Accounts receivable 2019 2018 2017 2016 2015 $ 504,313 $ 327,476 $ 261,981 $ 181,302 $ 135,300 254,607 165, 288 134,091 92,151 67,650 24,459 19,125 17,946 10,624 9,241 Compute trend percents for the above accounts, using 2015 as the base year. Trend Percent for Net Sales: 1 Choose Denominator: Choose Numerator: / Trend percent 2019: / % 2018: / % 1 % 2017: 2016: / % Trend Percent for Cost of Goods Sold: 1 Choose Denominator: Choose Numerator: / Trend percent 2019: / % 2018: / % 2017: / % 2016: 1 % Trend Percent for Accounts Receivables: | Choose Denominator: Choose Numerator: Trend percent 2019: 1 = % 2018: / % 2017: 1 2016: / %
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
