Question

Sales Cost of goods sold Accounts receivable $ 282,880 $ 270,8ee $ 252,6ee $ 234,560 $ 15e,eee 128,280 122,880 115, 289 186, 440 6 7,eee 18.10 17.3ee 16.489 15,280 Compute trend percents for the above accounts, using 2015 as the base year. Trend Percent for Net SZChoose D. Choose Trend percent 2019: 2018: 2017: 2016 Choose Numerator: Trend Percent for Cost of Goods Sold 1 Choose Denominator 2019: 2018: 2017: 2016: Trend Percent for Accounts Receivables: Choose Denominator. Choose Numerator 2019 * 2018: 2017: 2016 **

Answer 1

Answer:

For Sales:

For 2019:

Net Sales = Sales 2019 / Sales 2015*100
Net Sales = $282,880 / $150,000 * 100
Net Sales = 188.59%

For 2018:

Net Sales = Sales 2018 / Sales 2015*100
Net Sales = $270,800 / $150,000 * 100
Net Sales = 180.53%

For 2017:

Net Sales = Sales 2017 / Sales 2015*100
Net Sales = $252,600 / $150,000 * 100
Net Sales = 168.4%

For 2016:

Net Sales = Sales 2016 / Sales 2015*100
Net Sales = $234,560 / $150,000 * 100
Net Sales = 156.37%

For Cost of Goods Sold:

For 2019:

Cost of Goods Sold = Cost of Goods Sold 2019 / Cost of Goods Sold 2015 *100
Cost of Goods Sold = $128,200 / $67,000 * 100
Cost of Goods Sold = 191.34%

For 2018:

Cost of Goods Sold = Cost of Goods Sold 2018 / Cost of Goods Sold 2015 *100
Cost of Goods Sold = $122,080 / $67,000 * 100
Cost of Goods Sold = 182.21%

For 2017:

Cost of Goods Sold = Cost of Goods Sold 2017 / Cost of Goods Sold 2015 *100
Cost of Goods Sold = $115,280 / $67,000 * 100
Cost of Goods Sold = 172.06%

For 2016:

Cost of Goods Sold = Cost of Goods Sold 2016 / Cost of Goods Sold 2015 *100
Cost of Goods Sold = $106,440 / $67,000 * 100
Cost of Goods Sold = 158.87%

For Accounts Receivable:

For 2019:

Accounts Receivable = Accounts Receivable 2019 / Accounts Receivable 2015 * 100
Accounts Receivable = $18,100 / $9,000 * 100
Accounts Receivable = 201.11%

For 2018:

Accounts Receivable = Accounts Receivable 2018 / Accounts Receivable 2015 * 100
Accounts Receivable = $17,300 / $9,000 * 100
Accounts Receivable = 192.22%

For 2017:

Accounts Receivable = Accounts Receivable 2017 / Accounts Receivable 2015 * 100
Accounts Receivable = $16,400 / $9,000 * 100
Accounts Receivable = 182.22%

For 2016:

Accounts Receivable = Accounts Receivable 2016 / Accounts Receivable 2015 * 100
Accounts Receivable = $15,200 / $9,000 * 100
Accounts Receivable = 168.89%