2015 2014 2016 488,831 $ 391,065 $ 270,633 $ 194,700 2017 2013 Sales Cost of goo
ID: 2586611 • Letter: 2
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2015 2014 2016 488,831 $ 391,065 $ 270,633 $ 194,700 2017 2013 Sales Cost of goods sold Accounts receivable 743,023 381,392251,004 202,743139,323 99,297 13,356 35,962 28,597 26,788 15,886 Compute trend percents for the above accounts, using 2013 as the base year Trend Percent for Net Sales: Choose Numerator: Choose Denominator: Analysis period net sales Base year net sales Sales 2017: 2016 2015 2014 01% Trend Percent for Cost of Goods Sold: Choose Numerator: Choose Denominator: Analysis period cost of goods sold Base year cost of goods sold Cost of goods sold = 2017: 2016 2015 2014: 01% 01% 01%Explanation / Answer
Trend Percent for Net sales Choose Numerator / Choose Denominator Analysis period Net sales / Base Year Net Sales = Sales 2017 743,023 / 194,700 = 381.62 % 2016 488,831 / 194,700 = 251.07 % 2015 391,065 / 194,700 = 200.86 % 2014 270,633 / 194,700 = 139.00 % Trend Percent for cost of Goods Sold Choose Numerator / Choose Denominator Analysis period cost of goods Sold / Base Year Cost of Goods Sold = Cost of Goods Sold 2017 381,392 / 99,297 = 384.09 % 2016 251,004 / 99,297 = 252.78 % 2015 202,743 / 99,297 = 204.18 % 2014 139,323 / 99,297 = 140.31 % Trend Percent for Accounts Receivables Choose Numerator / Choose Denominator Analysis period Accounts Receivable / Base Year Accounts Receivables = Accounts Recivable 2017 35,962 / 13,356 = 269.26 % 2016 28,597 / 13,356 = 214.11 % 2015 26,788 / 13,356 = 200.57 % 2014 15,886 / 13,356 = 118.94 %
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