Question

Sales	$	397,596	$	261,576	$	208,427	$	149,410	$	111,500
Cost of goods sold		209,250		137,520		111,682		79,143		57,980
Accounts receivable		19,283		15,302		14,256		8,711		7,627

Compute trend percents for the above accounts, using 2015 as the base year.

Trend Percent for Net Sales: Choose Numerator: / Choose Denominator: / = Trend percent 2019: / = % 2018: / = % 2017: / = % 2016: / = % Trend Percent for Cost of Goods Sold: Choose Numerator: / Choose Denominator: / = Trend percent 2019: / = % 2018: / = % 2017: / = % 2016: / = % Trend Percent for Accounts Receivables: Choose Numerator: / Choose Denominator: / = Trend percent 2019: / = % 2018: / = % 2017: / = % 2016: / = %

Answer 1

Trend Percent for Net Sales: Choose Numerator: / Choose Denominator: Current year sales / Base year sales = Trend percent 2019: 397,596 / 111,500 = 356.6% 2018: 261,576 / 111,500 = 234.6% 2017: 208,427 / 111,500 = 186.9% 2016: 149,410 / 111,500 = 134% Trend Percent for Cost of Goods Sold: Choose Numerator: / Choose Denominator: Current year Cost of Goods Sold / Base year Cost of Goods Sold = Trend percent 2019: 209,250 / 57,980 = 360.9% 2018: 137,520 / 57,980 = 237.2% 2017: 111,682 / 57,980 = 192.6% 2016: 79,143 / 57,980 = 136.5% Trend Percent for Accounts Receivables: Choose Numerator: / Choose Denominator: Current year accounts receivables / Base year accounts receivables = Trend percent 2019: 19,283 / 7,627 = 252.8% 2018: 15,302 / 7,627 = 200.6% 2017: 14,256 / 7,627 = 186.9% 2016: 8,711 / 7,627 = 114.2%

Exact answer may slightly differ due to rounding off.

There was no instruction regarding rounding off, so I rounded off all figures upto 1 decimal place.

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