2021 2020 2019 2018 2017 Sales $ 703,787 $ 463,018 $370,414 $256,342 $191,300 Cost of goods sold 361,331 237,839 192,311 132,684 97,563 Accounts receivable 33,993 27,133 25,299 14,996 13,066 Compute trend percents for the above accounts, using 2017 as the base year. For each of the three accounts, state whether the situation as revealed by the trend percents appears to be favorable or unfavorable.

2021 2020 2019 2018 2017 Sales $ 703,787 $ 463,018 $370,414 $256,342 $191,300 Cost of goods sold 361,331 237,839 192,311 132,684 97,563 Accounts receivable 33,993 27,133 25,299 14,996 13,066 Compute trend percents for the above accounts, using 2017 as the base year. For each of the three accounts, state whether the situation as revealed by the trend percents appears to be favorable or unfavorable.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Computing and analyzing trend percents LO P1 2021 2020 2019 2018 2017 Sales $ 446,122 $ 293,501 $ 242,563 $ 173,880 $ 128,800 Cost of goods sold 221,100 145,365 122,206 87,101 63,112 Accounts receivable 21,592 17,140 16,664 10,137 8,784 Compute trend percents for the above accounts, using 2017 as the base year. For each of the three accounts, state whether the situation as revealed by the trend percents appears to be favorable or unfavorable.
Exercise 13-3 (Algo) Computing and analyzing trend percents LO P1 Sales Cost of goods sold Accounts receivable 2021: 2020: Numerator: 2019: 2018: 2017: 2021 $ 599,194 302,147 28,941 Compute trend percents for the above accounts, using 2017 as the base year. For each of the three accounts, state whether the situation as revealed by the trend percents appears to be favorable or unfavorable. Numerator: 2021: 2020: 2019: 2018: 2017: Is the trend percent for Net Sales favorable or unfavorable? Trend Percent for Net Sales: 1 1 1 2028 $ 389,087 196,344 22,684 1 1 2019 $ 320,236 163,468 21,840 1 Trend Percent for Cost of Goods Sold; 1 Denominator: Denominator: 2018 $ 216,376 109,938 12,701 2017 $159,100 79,558 10,930 Trend percent Trend percent % % % % % % % % %
Exercise 13-3 (Algo) Computing and analyzing trend percents LO P1 Sales Cost of goods sold. Accounts receivable 2021 $ 424,322 214,661 20,580 Numerator: 2020 $ 279,159 141, 180 16,303 2019 $ 218,948 112,924 15,042 Compute trend percents for the above accounts, using 2017 as the base year. For each of the three accounts, state whether the situation as revealed by the trend percents appears to be favorable or unfavorable. Trend Percent for Net Sales: 2021: 2020: 2019: 2018: 2017: Is the trend percent for Net Sales favorable or unfavorable? 2018 $ 153,648 78,724 8,973 Denominator: 2017 $ 116,400 58,200 7,973 11 Trend percent % % ge % % %
Exercise 13-3 (Algo) Computing and analyzing trend percents LO P1 Sales Cost of goods sold Accounts receivable Numerator: 2021 $501,535 253,218- 24,375 Numerator: Compute trend percents for the above accounts, using 2017 as the base year. For each of the three accounts, state whether the situation as revealed by the trend percents appears to be favorable or unfavorable. 2020 2019 $ 323,571 $ 251,906 163,436 18,897 129,253 17,198 2021: 2020: 2019: 2018: 2017: Is the trend percent for Net Sales favorable or unfavorable? Numerator: Trend Percent for Net Sales: 1 1 Denominator: Trend Percent for Cost of Goods Sold: Denominator: 2021: 2020: 2019: 2018: 2017: Is the trend percent for Cost of Goods Sold favorable or unfavorable? Trend Percent for Accounts Receivable: Denominator: -2018 $ 176,088 99,294 10,266 2021: 2020: 2019: 2018: 2017: Is the trend percent for Accounts Receivable favorable or unfavorable? 2017 $ 127,600 63,800 8,702 Trend percent Trend percent Trend percent ****at % % % %…
1 Wook Hint Print ♫ References 6 Sales Cost of goods sold Accounts receivable Numerator: 2821 $ 522,732 269,043 25,300 Numerator: Compute trend percents for the above accounts, using 2017 as the base year. For each of the three accounts, state whether the situation as revealed by the trend percents appears to be favorable or unfavorable. Type here to search 1 2021: 2020: 2019: 2018: 2017: Is the trend percent for Net Sales favorable or unfavorable? Numerator: 2020 $ 348,488 179,479 20,456 Trend Percent for Net Sales: 1 T 1 1 1 1 2021: T 2020: 1 2019: T 2018: 1 2017: 1 Is the trend percent for Cost of Goods Sold favorable or unfavorable? 2019 $ 279,918 146,254 19,146 Trend Percent for Cost of Goods Sold: 1 Denominator: Denominator: Trend Percent for Accounts Receivable: I Denominator: 2021: 2020: 2019: 2018: 1 2017: 1 Is the trend percent for Accounts Receivable favorable or unfavorable? 1 1 1 O 2018 $ 195,059 101,230 11,352 = = M = = = = = = = = = 2017 $ 148,900 75,939 10, 200 Trend…
Sales Cost of goods sold Accounts receivable 2021: 2020: 2018: 2018: 2021: 20:20: Compute trend percents for the above accounts, using 2017 as the bese year. For each of the three accounts, state whether the situation as revealed by the trend percents appears to be favorable or unfavorable. Numerator: 2021: 2020: 2018: 2018: 2821 $ 553,453 284, 861 26,808 Numerator: Numerator: T 2017: Is the trend parcent for Net Sales favorable or unfavorable? I Trend Perent for Net Bales: I } J 2828 J I 184,986 21,060 2018: 2018: 2017: Is the trend percent for Cost of Goods Sold favorable or unfavorable? Trend Percent for Cost of Goods Bold: Denominator: 2019 $ 295,790 154,003 20,232 T " I Denominator: Trend Perent for Accounts Receivable: Denominator: 2018 $ 283,903 185,586 11,893 2017: Is the trend percent for Accounts Receivable favorable or unfavorable? 11 11 "H |||||| 11 11 11 2817 $ 148,000 75,939 10,170 11 Trend percent Trend parcant Trend percent aan | 20
Exercise 17-3 Computing and interpreting trend percents LO P1 2019 2015 2017 $ 485,044 S 319,108 $ 248,333 S 175,500 $ 135,000 122,700 2018 2016 Sales Cost of goods sold Accounts receivable 235,321 23,573 154,722 18,732 85,990 10,284 64,800 9.275 16,986 Compute trend percents for the above accounts, using 2015 as the base year. Trend Percent for Net Sales: Choose Numerator: Choose Denominator: Trend percent %3D 2019: 2018: %3D 2017: %3D 2016 % %3D Trend Percent for Cost of Goods Sold: Choose Numerator: | Choose Denominator: Trend percent 2019: %3! 2018: %3D 2017: 2016: Trend Percent for Accounts Receivables: Choose Numerator: I Choose Denominator: Trend percent 2019: % %3D 2018: % 2017: %3D % 2016: %3D % rov. 03 24 2020 OC_CS-205360 References Exercise 17-3 Computing and interpreting trend percents LO P1 Expanded table zto.mheducation.com/hm.tpx?todo=c15SinglePrintView&singleQuestionNo=4.&postSubmissionView=13252713870286193&wid=1325271438... 1
1 nts eBook → Print 5 eferences Mc Graw Hill Sales Cost of goods sold Accounts receivable 2021: 2020: 2019: Numerator: Base year cost of goods sold 2021 $ 719,206 376,387 34,953 Numerator: Compute trend percents for the above accounts, using 2017 as the base year. For each of the three accounts, state whether the situation as revealed by the trend percents appears to be favorable or unfavorable. Numerator: 2018: 2017: Is the trend percent for Net Sales favorable or unfavorable? 2020 $ 467,017 244,349 27,274 Trend Percent for Net Sales: 1 Denominator: /Base year accounts receivable 1 1 7 / 1 1 1 1 1 Trend Percent for Cost of Goods Sold: 1 Denominator: 2021: 2020: 2019: 2018: 2017: Is the trend percent for Cost of Goods Sold favorable or unfavorable? 2019 $ 379,689 200,588 26,085 1 1 7 1 Trend Percent for Accounts Receivable: Denominator: 2021: 2020: 2019: 2018: 2017: 1 Is the trend percent for Accounts Receivable favorable or unfavorable? 1 2018 $ 253,126 132,876 14,808 = = = = = = = =…
Compute trend percent for the following accounts using 2018 as the base year. For each of the three accounts, state whether the situation as revealed by the trend percent appears to be favorable or unfavorable. 2022 2021 2020 2019 2018 Sales $282,880 $270,800 $252,600 $234,560 $150,000 Cost of goods sold 128,200 122,080 115,280 106,440 67,000 Accounts receivable 18,100 17,300 16,400 15,200 9,000
Item Prior year Current year Accounts payable 8,198.00 7,775.00 Accounts receivable 6,030.00 6,768.00 Accruals 1,007.00 1,602.00 Cash ??? ??? Common Stock 10,168.00 12,293.00 COGS 12,621.00 18,231.00 Current portion long-term 4,953.00 5,046.00 debt Depreciation expense 2,500 2,756.00 Interest expense 733 417 Inventories 4,136.00 4,819.00 Long-term debt 14,434.00 13,704.00 Net fixed assets 50,920.00 54,636.00 Notes payable 4,385.00 9,940.00 Operating expenses (excl. depr.) 13,977 18,172 Retained earnings 28,358.00 30,071.00 Sales 35,119 47,773.00 Тахes 2,084 2,775 What is the firm's total change in cash from the prior year to the current year? Submit Answer format: Number: Round to: 0 decimal places.
Item Prior year Current year Accounts payable 8,112.00 7,889.00 Accounts receivable 6,029.00 6,526.00 Accruals 981.00 1,445.00 Cash ??? ??? Common Stock 10,050.00 11,831.00 COGS 12,659.00 18,136.00 Current portion long-term 5,054.00 5,053.00 debt Depreciation expense 2,500 2,814.00 Interest expense 733 417 Inventories 4,101.00 4,816.00 Long-term debt 14,355.00 13,032.00 Net fixed assets 51,776.00 54,131.00 Notes payable 4,395.00 9,850.00 Operating expenses (excl. 13,977 depr.) 18,172 Retained earnings 28,273.00 29,816.00 Sales 47,524 Taxes 2,084 2,775 What is the firm's cash flow from operations? Submit Answer format: Number: Round to: 0 decimal places.
2021 Sales Cost of goods sold Accounts receivable $ 282,880 128,200 18,100 2020 $ 270,800 122,080 17,300 2019 $ 252,600 115,280 16,400 2018 $ 234,560 106,440 15,200 2017 $ 150,000 67,000 9,000 Compute trend percents for the above accounts, using 2017 as the base year. For each of the three accounts, state whether the situation as revealed by the trend percents appears to be favorable or unfavorable. 2021: 2020: 2019: 2018: 2017: Trend Percent for Net Sales: Numerator: Denominator: 1 = Trend percent 1 = % = % 1 Is the trend percent for Net Sales favorable or unfavorable? Trend Percent for Cost of Goods Sold: Numerator: Denominator: = % = % Trend percent = % = % 2021: 2020: 2019: 1 1 = 2018: = 2017: = Is the trend percent for Cost of Goods Sold favorable or unfavorable?