HI could you do both questions please :) 2. 2017 2016 2014 2015 464,054 305,299

Question

HI could you do both questions please :)

2.

2017 2016 2014 2015 464,054 305,299 $ 244,239 $ 176,985 $ 131,100 2013 Sales Cost of goods sold Accounts receivable 239,068 157,452127,612 17,829 91,662 10,318 66,861 22,414 16,657 8,993 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 Trend Percent for Accounts Receivables Choose Numerator: Choose Denominator: Accounts receivable 2017 2016 2015 2014

Explanation / Answer

Trend Percent for Net Sales Choose Numerator           /   Choose Denominator      = analysis period net sales / Base year net sales            = sales 2017 464,054 / 131,100 = 354% 2016 305,299 / 131,100 = 233% 2015 244,239 / 131,100 = 186% 2014 176,985 / 131,100 = 135% Trend percent for cost of goods sold Choose Numerator           /   Choose Denominator      = analysis period COGS      / Base year COGS          = cost of goods sold 2017 239,068 / 66,861 = 358% 2016 157,452 / 66,861 = 235% 2015 127,612 / 66,861 = 191% 2014 91,662 / 66,861 = 137% Trend percent for Account receivable Choose Numerator           /   Choose Denominator      = analysis period A/R      / Base year acct receivable          = Account receivable 2017 22,414 / 8,993 = 249% 2016 17,829 / 8,993 = 198% 2015 16,657 / 8,993 = 185% 2014 10,318 / 8,993 = 115% 2) Compartive income statements 2017 2016 Sales 740,000 100% 675,000 100% cost of goods sold 568,100 76.8% 291,000 43.1% Gross profit 171,900 23.2% 384,000 56.9% operating expenses 129,200 17.5% 239,600 35.5% net income 42,700 5.8% 144,400 21.4% No

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