Exercise 13-3 Computing and interpreting common-size percents LO P1 Sales Cost of goods sold Accounts receivable...

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Exercise 13-3 Computing and interpreting common-size percents LO P1 Sales Cost of goods sold Accounts receivable 2019 2018 20

Compute trend percents for the above accounts, using 2015 as the base year. Trend Percent for Net Sales: Choose Denominator:

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Answer 1

Answer #1

Trend Percent for Net Sales
	Choose Numerator	/	Choose Denominator
	Analysis period net sales	/	Base year net sales	=	Trend Percent
2019:	$716496	/	196900	=	364	%
2018:	$477664	/	196900	=	243	%
2017:	$373175	/	196900	=	190	%
2016:	$261877	/	196900	=	133	%

Trend Percent for Cost of goods sold
	Choose Numerator	/	Choose Denominator
	Analysis period cost of goods sold	/	Base year cost of goods sold	=	Trend Percent
2019:	$353683	/	96481	=	367	%
2018:	$235605	/	96481	=	244	%
2017:	$186256	/	96481	=	193	%
2016:	$129920	/	96481	=	135	%

Trend Percent for Accounts receivable
	Choose Numerator	/	Choose Denominator
	Analysis period accounts receivable	/	Base year accounts receivable	=	Trend Percent
2019:	$34678	/	13468	=	257	%
2018:	$27896	/	13468	=	207	%
2017:	$25488	/	13468	=	189	%
2016:	$15294	/	13468	=	114	%

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Answer 2

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