Question: Exercise 13-3 Computing and interpreting trend percents LO P1 Sales Cost of goods sold Accounts receivable 2019 2018 2017 2016 2015 $ 488,037 $ 325,358

Exercise 13-3 Computing and interpreting trend percents LO P1 Sales Cost

Exercise 13-3 Computing and interpreting trend percents LO P1 Sales Cost of goods sold Accounts receivable 2019 2018 2017 2016 2015 $ 488,037 $ 325,358 $ 258,221 $ 190,569 $ 137,100 251, 399 167, 683 134,793 98,490 69,921 23,719 18,936 17,611 11,148 9,495 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: %6 2018: 1 % 2017: 96 2016: % Trend Percent for Cost of Goods Sold: 1 Choose Denominator: Choose Numerator: Trend percent 2019: 1 = 96 2018: 2017: %6 %6 96 2016: Choose Numerator: Trend Percent for Accounts Receivables: 1 Choose Denominator: / Trend percent 1 96 2019: 2018: 1 % 2017: 2016

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