Thread DB 218SPMi e Chegg Study Guided SX Connect Secure

Thread: DB 2-18-SP-Mi \\ e Chegg Study | Guided S/X Connect × Secure https://newconnect.mheducation.com/flow/connect.html :Apps DE Beck This window shows your responses and what was marked correct and incorrect from your previous attempt. 2 Exercise 13-3 Computation and analysis of trend percents LO P1 2017 2016 2015 2014 2013 Sales Cost of goods sold Accounts receivabl $ 603,476 397,024 $ 313,853 232,484 $ 174,8e0 87,480 11,974 288,062 160,277 117,392 21,499 29,329 23,186 13,647 0/10 points awarded Compute trend percents for the above accounts, using 2013 as the base year Scored Percent for Net Sales: Choose Numerator Choose Denominator: Analysis period cost of goods sold Analysis period net sales Sales 2017: 2016: 2015: 2014 0 % Sold Choose Numerator: Choose C / Analysis period cost of goods sold Cost of goods sold 2017: 2016: 2015: 2014 0 % 9:53 PM O Type here to search 1218 21

Solution

           Trend percent for Net Sales Choose Numerator / Choose Denominator Analysis period net sales / Base year net sales = Sales 2017 603,476 / 174,800 = 345% 2016 397,024 / 174,800 = 227% 2015 313,853 / 174,800 = 180% 2014 232,484 / 174,800 = 133%            Trend percent for cost of goods sold Choose Numerator / Choose Denominator Analysis period cost of goods sold / Base year cogs = Sales 2017 304,188 / 87,400 = 348% 2016 200,062 / 87,400 = 229% 2015 160,277 / 87,400 = 183% 2014 117,392 / 87,400 = 134%            Trend percent for Accounts receivable Choose Numerator / Choose Denominator Analysis period Accounts receivable / Base year accounts = Sales 2017 29,329 / 11,974 = 245% 2016 23,186 / 11,974 = 194% 2015 21,499 / 11,974 = 180% 2014 13,647 / 11,974 = 114%