Check my work Sales Cost of goods sold Accounts receivable 664,128 $ 439,820 $ 3

Question

Check my work Sales Cost of goods sold Accounts receivable 664,128 $ 439,820 $ 363,488 $ 243,136 $ 185,600 334,664 221,618 185,844123,018 92,880 24,826 32,877 25,685 14,175 12,676 Compute trend percents for the above accounts, using 2013 as the base year cent for Net Sales Choose Denominator Sales 2017 2016 Analysis period accounts receivable Analysis period cost of goods sold Analysis period net sales Base year accounts receivable 2014 ose Denominator ences # | Cost of goods sold 2017 2016 2015 2014 Choose Denominator 2017

Explanation / Answer

1) Trend Percent for Net Sales

Trend percent Net Sales = Analysis period net sales/Base year net sales

2017 = 2017 Net sales/2013 Net Sales

= $664,128/$185,600 = 358%

2016 = $439,820/$185,600 = 237%

2015 = $363,488/$185,600 = 196%

2014 = $243,136/$185,600 = 131%

2) Trend Percent for Cost of Goods Sold (COGS)

Trend percent COGS = Analysis period COGS/Base year COGS

2017 = $334,664/$92,800 = 361%

2016 = $221,610/$92,800 = 239%

2015 = $185,044/$92,800 = 199%

2014 = $123,018/$92,800 = 133%

3) Trend Percent for Accounts Receivables

Trend percent Accounts Receivables = Analysis period Accounts Receivables/Base year Accounts Receivables

2017 = $32,077/$12,676 = 253%

2016 = $25,685/$12,676 = 203%

2015 = $24,826/$12,676 = 196%

2014 = $14,175/$12,676 = 112%

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