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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 2 months ago
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