t Personal IntroduCh 13 Ex 13-3 XACCT 2302 Sylabus summe+ v Not secure https/new
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t Personal IntroduCh 13 Ex 13-3 XACCT 2302 Sylabus summe+ v Not secure https/newconnect mheducation.com/flow/connect html x13-3 Exercise 13-3 Computation and analysis of trend percents LO P1 2017281620152014 13 501,127 $329, 689 $269,134 $186,252 $141,10 Cost of goods sold 242,991 159,81 132,43491,101 67,728 Sales Accounts receivable24,405 19,254 18,489 18,877 9,637 ook Compute trend percents for the above accounts, using 2013 as the base year. Trend Percent for Net Sales Choose Numerator Choose Denominator Sales 2017 2016: 2015 2014 Trend Percent for Cost of Goods Sold: Choose Numerator Choose Denominator: | Cost of goods sold 2017: 2016: 2015: 2014 ?Prev 10f 11 Next>Explanation / Answer
Trend Percentage Net sales Sales of respective years / Sales of base year 2013 = Sales 2017 501127 141100 355.16% 2016 329689 141100 233.66% 2015 269134 141100 190.74% 2014 186252 141100 132.00% 2013 141100 141100 100.00% Cost of Good sold COGS of respective years / COGS of base year 2013 = Sales 2017 242991 67728 358.77% 2016 159801 67728 235.95% 2015 132434 67728 195.54% 2014 91101 67728 134.51% 2013 67728 67728 100.00% Accounts receivable Act Rec. of respective years / Act. Rec. of base year 2013 = Sales 2017 24405 9637 253.24% 2016 19254 9637 199.79% 2015 18409 9637 191.02% 2014 10877 9637 112.87% 2013 9637 9637 100.00%
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