Exercise 17-3 Computation and analysis of trend percents L.O. P1 2013 2012 2011

Question

Exercise 17-3 Computation and analysis of trend percents L.O. P1
2013 2012 2011 2010 2009
Sales $ 505,114 $ 327,996 $ 260,314 $ 187,952 $ 138,200
Cost of goods sold 260,108 169,028 136,260 97,456 70,482
Accounts receivable 24,498 19,188 17,753 10,976 9,439

Compute trend percents for the above accounts, using 2009 as the base year. (Round your answers to the nearest whole percent. Omit the "%" sign in your response.)

2013 2012 2011 2010 2009
Sales % % % % 100%
Cost of goods sold % % % % 100%
Accounts receivable % % % % 100%

Explanation / Answer

2013

2012

2011

2010

2009

sales

365%

237%

188%

136%

100%

cost of goods sold

369%

240%

193%

138%

100%

accounts receivable

260%

203%

188%

116%

100%

Each trend percent = (analysis period amount/base period amount)*100%

For example, 2012 cost of goods sold: (169028/70482)*100 = 240%

Another example, 2010 accounts receivable: (10,976/9,439)*100 = 116%

2013

2012

2011

2010

2009

sales

365%

237%

188%

136%

100%

cost of goods sold

369%

240%

193%

138%

100%

accounts receivable

260%

203%

188%

116%

100%

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