Question

5 ezto.mheducation.com ework Saved Sales Cost of goods sold Accounts receivable 2019 2018 2017 2016 $ 282,880 $ 270,800 $ 252,600 $ 234,560 128,200 122,080 115,280 106,440 18,100 17,300 16,400 15,200 2015 150,000 67,000 9,000 Compute trend percents for the above accounts, using 2015 as the base year. Trend Percent for Net Sales: 1 Choose Denominator: Choose Numerator: 11 Trend percent 1 = 2019: 2018: % % 1 2017: 1 2016: = % Trend Percent for Cost of Goods Sold: 1 Choose Denominator: Choose Numerator: Trend percent 2019: 2018: 2017: 96 %

Answer 1

Trend Percent for Net Sales:
	Choose Numerator:	/	Choose Denominator:
	Current Year Net sales	/	Base year Net sales	=	Sales
2019:	$ 282,880	/	$ 150,000	=	189%
2018:	$ 270,800	/	$ 150,000	=	181%
2017:	$ 252,600	/	$ 150,000	=	168%
2016:	$ 234,560	/	$ 150,000	=	156%
Trend Percent for Cost of Goods Sold:
	Choose Numerator:	/	Choose Denominator:
	Current Year Cost of goods sold	/	Base year Cost of goods sold	=	Cost of goods sold
2019:	$ 128,200	/	$ 67,000	=	191%
2018:	$ 122,080	/	$ 67,000	=	182%
2017:	$ 115,280	/	$ 67,000	=	172%
2016:	$ 106,440	/	$ 67,000	=	159%
Trend Percent for Accounts Receivables:
	Choose Numerator:	/	Choose Denominator:
	Current Year Accounts receivable	/	Base year Accounts receivable	=	Accounts receivable
2019:	$ 18,100	/	$ 9,000	=	201%
2018:	$ 17,300	/	$ 9,000	=	192%
2017:	$ 16,400	/	$ 9,000	=	182%
2016:	$ 15,200	/	$ 9,000	=	169%