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24) 2017 2016 2015 2014 2013 Sales $ 589,885 $ 388,082 $ 306,784 $ 214,534 $...

24)

2017 2016 2015 2014 2013
Sales $ 589,885 $ 388,082 $ 306,784 $ 214,534 $ 160,100
Cost of goods sold 309,290 203,453 162,828 113,108 83,252
Accounts receivable 28,668 22,664 21,015 12,507 10,967


Compute trend percents for the above accounts, using 2013 as the base year.

Trend Percent for Net Sales:

Choose Numerator: / Choose Denominator

2017

2016

2015

2014

Trend Percent for Cost of Goods Sold:

Choose Numerator: / Choose Denominator

2017

2016

2015

2014

Trend Percent for Accounts Receivables:

Choose Numerator: / Choose Denominator

2017

2016

2015

2014

0 0
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Answer #1

Trend percentage = (Current year value / Base year value) *100

For example = Sales 2017 =( 589,885 / 160,100) *100 = 368%

Note: Trend percentages are rounded to 0 Decimals

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