Question

Exercise 13-3 Computation and analysis of trend percents LO P1 Sales Cost of goods sold Accounts receivable 2017 2016 2015 2014 2013 $ 671,646 $ 436,134 $ 353, 145 $ 237, 010 $ 173,000 324,840 210,944 172,710 115,565 83,040 32,642 25, 601 24,190 13,841 11,868 Compute trend percents for the above accounts, using 2013 as the base year. Trend Percent for Net Sales: 1 Choose Denominator: Choose Numerator: Sales 2017: 2016: 2015: 2014: Trend Percent for Cost of Goods Sold: 1 Choose Denominator: Choose Numerator: Cost of goods sold 2017: 2016: 2015: 2014: Trend Percent for Accounts Recevables: 1 Choose Denominator: Choose Numerator: Accounts receivable

Answer 1

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Trend percent of net sales.
Year	Numerator	Denominator	Sales %
2017	671,646.00	173,000.00	388%
2016	436,134.00	173,000.00	252%
2015	353,145.00	173,000.00	204%
2014	237,010.00	173,000.00	137%
Trend percent of cost of goods sold.
Year	Numerator	Denominator	Cost of goods sold %
2017	324,840.00	83,040.00	391%
2016	210,944.00	83,040.00	254%
2015	172,710.00	83,040.00	208%
2014	115,565.00	83,040.00	139%
Trend percent of accounts receivable.
Year	Numerator	Denominator	Accounts receivable %
2017	32,642.00	11,868.00	275%
2016	25,601.00	11,868.00	216%
2015	24,190.00	11,868.00	204%
2014	13,841.00	11,868.00	117%