Question 9 Sales Cost of goods sold Accounts receivable O 140% O 196% Using 2013 as the base year, the Trend Percent for the 2015 Cost of goods sold is: O 238% 2017 2016 2015 $505,988 $332,887 $270,640 260,604 171,522 141,426 24,439 19,407 18,485 O 361% 2014 $195,408 101,408 11,451 2013 $141,600 72,216 9,685

Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter5: Inventories And Cost Of Goods Sold
Section: Chapter Questions
Problem 5.9E: Working Backward: Gross Profit Ratio Acmes gross profit ratio increased by 20% over the prior year....
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Question 9
Sales
Cost of goods sold
Accounts receivable
Using 2013 as the base year, the Trend Percent for the 2015 Cost of goods sold is:
140%
196%
238%
2017
2016
2015
2014
2013
$141,600
$505,988 $332,887 $270,640 $195,408
101,408 72,216
260,604
171,522
141,426
24,439
19,407
18,485
11,451
9,685
O 361%
Transcribed Image Text:Question 9 Sales Cost of goods sold Accounts receivable Using 2013 as the base year, the Trend Percent for the 2015 Cost of goods sold is: 140% 196% 238% 2017 2016 2015 2014 2013 $141,600 $505,988 $332,887 $270,640 $195,408 101,408 72,216 260,604 171,522 141,426 24,439 19,407 18,485 11,451 9,685 O 361%
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