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Exercise 13-3 Computation and analysis of trend percents LO P1 2017 2016 2015 2014 2013 Sales...

Exercise 13-3 Computation and analysis of trend percents LO P1

2017 2016 2015 2014 2013
Sales $ 681,345 $ 448,253 $ 357,174 $ 260,711 $ 190,300
Cost of goods sold 356,849 234,742 188,830 137,020 98,956
Accounts receivable 33,113 26,223 24,538 15,199 12,978


Compute trend percents for the above accounts, using 2013 as the base year.

Trend Percent for Net Sales:

Choose Numerator:   Choose Denominator

2017

2016

2015

2014

Trend Percent for Cost of Goods Sold:

Chose numerator:   Choose Denominator

2017

2016

2015

2014

Trend Percent for Accounts Receivables:

Choose Numerator: : Choose Denominator

2017

2016

2015

2014

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Solution: Trend Percent for Net Sales: Choose Numerator: Choose Denominator: Analysis period net sales /Base year net sales Sales 2017 2016 2015 2014 681345 448253 357174 260711 190300 190300 190300 190300 358 236% 188% 1371% Trend Percent for Cost of goods sold Choose Denominator: Base year cost of goods sold Choose Numerator: Analysis period cost of goods sold COGS 2017 2016 2015 2014 356849 234742 188830 137020 98956 98956 98956 98956 3611 % 237% 191% 138% Trend Percent for Accounts Receivable Choose Denominator: /Base year Accounts Receivable Choose Numerator: Analysis period Accounts Receivable Acc. Rec 2017 2016 2015 2014 33,113 26,223 24,538 15,199 12,978 12978 12978 12978 255% 202% 189% 117%

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