2018 2017 2016 2015 2014 Sales $ 80,000 $ 73,000 $ 61,000 $ 57,000 $ 50,000...

		2018		2017		2016		2015		2014
Sales	$	80,000	$	73,000	$	61,000	$	57,000	$	50,000
Cost of goods sold		72,600		53,400		45,600		33,300		30,000

Dollar amounts stated above are in thousands.

a. Compute trend percentages for the above items taken from the financial statements of Lopez Plumbing over a five-year period. Treat 2014 as the base year.

b. State whether the trends are favorable or unfavorable.

Required A

Required B

Compute trend percentages for the above items taken from the financial statements of Lopez Plumbing over a five-year period. Treat 2014 as the base year. (Round your answers to the nearest whole percent. i.e. 1.2345 as 123%.)

	2018		2017		2016		2015		2014
Sales		%		%		%		%		%
Cost of goods sold		%		%		%		%		%

State whether the trends are favorable or unfavorable.

Trends
Sales
Cost of goods sold

Expert Solution

ekkarill92 answered 2 years ago

2018 2017 2016 2015 2014 Sales $ 672,729 $ 434,019 $ 347,215 $ 242,808 $ 181,200...

2018 2017 2016 2015 2014 Sales $ 672,729 $ 434,019 $ 347,215 $ 242,808 $ 181,200 Cost of goods sold 332,087 214,419 173,535 120,176 88,788 Accounts receivable 32,560 25,434 23,715 14,180 12,376 Compute trend percents for the above accounts, using 2014 as the base year. (Round the percents to whole numbers.)

2018 2017 2016 2015 2014 Average Sales A 4.22% 2.22% 2.40% 6.99% 3.96% B 6.53% 6.30%...

2018 2017 2016 2015 2014 Average Sales A 4.22% 2.22% 2.40% 6.99% 3.96% B 6.53% 6.30% 4.23% 11.91% 7.25% C -0.56% -0.34% 3.58% 9.17% 2.96% Gross Profit A 4.01% 3.26% 3.84% 5.77% 4.22% B 5.88% 8.71% 3.13% 11.18% 7.23% C 0.96% 0.97% 1.14% 8.75% 2.96% Net Income A -26.02% 45.85% 56.18% 1.17% 19.30% B -23.31% 78.39% 4.34% 9.36% 17.20% C -8.99% 0.76% -2.70% 5.69% -1.31% Total Assets A 2.67% 9.17% 1.48% 6.16% 4.87% B 2.89% 19.85% 11.54% 10.86% 11.29% C...

2017 2016 2015 2014 2013 Sales $ 699,332 $ 466,221 $ 368,554 $ 252,434 $ 189,800...

2017 2016 2015 2014 2013 Sales $ 699,332 $ 466,221 $ 368,554 $ 252,434 $ 189,800 Cost of goods sold 352,166 234,761 187,327 128,167 94,900 Accounts receivable 33,918 27,227 25,283 14,767 13,001 Compute trend percents for the above accounts, using 2013 as the base year. Trend Percent for Net Sales: Choose Numerator: / Choose Denominator: / = Sales 2017: / = % 2016: / = % 2015: / = % 2014: / = % Trend Percent for Cost of Goods...

Pepsi 2013 2014 2015 2016 2017 Sales/Revenue 66.42B 66.68B 63.05B 62.8B 63.53B Coca-Cola 2013 2014 2015...

Pepsi 2013 2014 2015 2016 2017 Sales/Revenue 66.42B 66.68B 63.05B 62.8B 63.53B Coca-Cola 2013 2014 2015 2016 2017 Sales/Revenue 46.76B 46B 43.7B 41.38B 35.02B Using the year 2013-2017 financial data of Coca-Cola and PepsiCo companies, determine their 5-year average growth rates related to net sales and income from continuing operations. Coca Cola: Net Sales: 7.86% Increase. PepsiCo: Net Sales: 3.11% Increase. And what data to use to calculate.

2019 2018 2017 2016 2015 Sales $ 475,208 $ 306,586 $ 248,248 $ 171,798 $ 125,400...

2019 2018 2017 2016 2015 Sales $ 475,208 $ 306,586 $ 248,248 $ 171,798 $ 125,400 Cost of goods sold 244,756 158,059 130,106 89,117 63,954 Accounts receivable 23,095 17,966 16,955 9,999 8,577 Compute trend percents for the above accounts, using 2015 as the base year.

Time series is given: Year 2012 2013 2014 2015 2016 2017 2018 2019 Amount 65 61...

Time series is given: Year 2012 2013 2014 2015 2016 2017 2018 2019 Amount 65 61 73 68 67 72 75 70 Calculate and interpret the characteristics of it; Make the time series next value forecast by using any method.

Q1. Company ABC has the following income: 2014 $10,000 2015 $15,000 2016 $(1,000) 2017 $(30,000) 2018...

Q1. Company ABC has the following income: 2014 $10,000 2015 $15,000 2016 $(1,000) 2017 $(30,000) 2018 $5,000 Please JEs to record loss carryback and forward for 2016, 2017 and 2018 Q2. Company ABC bought an equipment for $20,000 in 2015, with useful life of 5 years $5,000 residual value amortized using straight-line method. Prepare a table to illustrate the differences accounting income vs taxable income caused by this equipment. Assume, this equipment was sold at the end of2017 for $11,000....

- 2010 2011 2012 2013 2014 2015 2016 2017 2018 GREECE 129059 135314 153317 160986 168501...

- 2010 2011 2012 2013 2014 2015 2016 2017 2018 GREECE 129059 135314 153317 160986 168501 167036 175100 181261 190523 SPAIN 377095 403834 419865 397462 427672 447048 451255 485805 497812 FRANCE 316137 322254 303269 303031 298203 297880 292160 302840 308629 CROATIA 24329 21862 18972 19366 18603 18930 18551 20798 21573 ITALY 494091 499885 476823 457078 443141 458020 461990 475164 501958 Selected 5 ports. a) Calculate the mean, standard deviation, median, minimum, maximum values of gross weight of goods handled in...

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

Financial Ratio Worksheet 2014 2015 2016 2017 2018 Days Receivable 75.47 80.31 63.69 78.74 76.59 Days...

Financial Ratio Worksheet 2014 2015 2016 2017 2018 Days Receivable 75.47 80.31 63.69 78.74 76.59 Days Inventory 17.42 21.58 184.32 41.88 41.43 Days Payable 45.19 57.23 618.53 109.84 103.13 Sales Growth -5.47% -5.47% -3.81% -42.40% 6.86% Costs of Goods Sold 71.63% 71.33% 7.00% 69.89% 69.88% Sales & General Administrative to sales 15.81% 15.40% 15.60% 17.53% 16.03% Operating Profit to Sales 6.92% 7.15% 2.11% 6.31% 3.35% Current Ratio 1.11 1.41 1.28 1.13 1.00 Debt Ratio 0.77 1.42 1.53 1.62 1.61 Sales...

Question