Exercise 17-3 Computation and analysis of trend percents LO P1 2017 2016 2015 2014 2013 Sales...

Exercise 17-3 Computation and analysis of trend percents LO P1 2017 2016 2015 2014 2013 Sales $ 441,811 $ 292,590 $ 239,828 $ 168,300 $ 127,500 Cost of goods sold 232,292 153,697 128,061 89,366 66,300 Accounts receivable 21,339 17,146 16,428 9,829 8,708

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Expert Solution

formula :- Analysis year amount*100/base year amount

take 2013 as base year assume 100%

Particular	2013	2014	trend %	2015	trend %	2016	trend %	2017	trend %
sales	127500	168300	=168300*100/127500 =132%	239828	=239828*100/127500 =188.10%	292590	=292590*100/127500 =229.48%	441811	=441811*100/127500 =346.52%

Cost of Goods Sold	66300	89366	=89366*100/66300 =134.79%	128061	=12061*100/66300 =193.15%	153697	=153697*100/66300 =231.82%	232292	=232292*100/66300 =350.37%

account receivable	8708	9829	=9829*100/8708 =112.87%	16428	=16428*100/8708 =188.66%	17146	=17146*100/8708 =196.90%	21339	=21339*100/8708 =245.05%

trend percentage indicate changes take place in organiisation and highlight direction of changes.cost of good sold increase in higher rate than sales in all years. account receivable rate increase in lower rate in 2014, 2016 and 2017

ekkarill92 answered 1 month ago

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