Exercise 17-3 Computation and analysis of trend percents L.O. P1 2013 2012 2011
ID: 2352084 • Letter: E
Question
Exercise 17-3 Computation and analysis of trend percents L.O. P12013 2012 2011 2010 2009
Sales $ 505,114 $ 327,996 $ 260,314 $ 187,952 $ 138,200
Cost of goods sold 260,108 169,028 136,260 97,456 70,482
Accounts receivable 24,498 19,188 17,753 10,976 9,439
Compute trend percents for the above accounts, using 2009 as the base year. (Round your answers to the nearest whole percent. Omit the "%" sign in your response.)
2013 2012 2011 2010 2009
Sales % % % % 100%
Cost of goods sold % % % % 100%
Accounts receivable % % % % 100%
Explanation / Answer
2013
2012
2011
2010
2009
sales
365%
237%
188%
136%
100%
cost of goods sold
369%
240%
193%
138%
100%
accounts receivable
260%
203%
188%
116%
100%
Each trend percent = (analysis period amount/base period amount)*100%
For example, 2012 cost of goods sold: (169028/70482)*100 = 240%
Another example, 2010 accounts receivable: (10,976/9,439)*100 = 116%
2013
2012
2011
2010
2009
sales
365%
237%
188%
136%
100%
cost of goods sold
369%
240%
193%
138%
100%
accounts receivable
260%
203%
188%
116%
100%
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