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

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

	2017		2016		2015		2014		2013
Sales	$	503,999	$	327,272	$	259,740	$	175,500	$	130,000
Cost of goods sold		254,500		165,436		133,120		89,350		65,000
Accounts receivable		24,494		19,145		17,792		10,284		8,905

Compute trend percents for the above accounts, using 2013 as the base year. Exercise 13-3 Computation and analysis of trend percents LO P1 Sales Cost of goods sold Accounts receivable 2017 2016 2015 20

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Answer 1

Answer #1

Trend Percent of Sales
	Chhose Numerator	/	Choose Denominator	=	Sales

2017	$503,999.00	/	$130,000.00	=	388%
2016	$327,272.00	/	$130,000.00	=	252%
2015	$259,740.00	/	$130,000.00	=	200%
2014	$175,500.00	/	$130,000.00	=	135%

Trend Percent of COGS
	Chhose Numerator	/	Choose Denominator	=	Sales

2017	$254,500.00	/	$65,000.00	=	392%
2016	$165,436.00	/	$65,000.00	=	255%
2015	$133,120.00	/	$65,000.00	=	205%
2014	$89,350.00	/	$65,000.00	=	137%

Trend Percent of AR
	Chhose Numerator	/	Choose Denominator	=	Sales

2017	$24,494.00	/	$8,905.00	=	275%
2016	$19,145.00	/	$8,905.00	=	215%
2015	$17,792.00	/	$8,905.00	=	200%
2014	$10,284.00	/	$8,905.00	=	115%

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