171. Calculate the percent increases for each of the following selected balance sheet items.
2016
2015
Cash..............................
$ 569
$ 448
Accounts receivable....................
2,234
2,337
Merchandise inventory..................
1,062
1,071
Plant assets.........................
2,432
2,138
Bonds payable.......................
1,164
1,666
Equity.............................
2,777
2,894
172. For the following financial statement items, calculate trend percentages using 2014 as the base year:
2018
2017
2014
Sales……………………
$1,195,400
$1,118,000
$1,049,000
$963,200
$860,000
Cost of sales…………..
752,400
704,000
671,000
616,700
559,000
Gross profit…………….
$443,000
$414,000
$378,000
$346,500
$301,000
Answer:
Sales………………………
139.0%
130.0%
122.0%
112.0%
100%
Cost of goods sold……….
134.6%
125.9%
120.0%
110.4%
Gross profit……………….
147.2%
137.5%
125.6%
115.1%
173. Express the following income statement information in common-size percentages and in trend percentages using 2014 as the base year.
Common-Size
Trend
Percentages
Sales...........
$540,000
$460,000
____
Cost of goods sold...
290,000
240,000
Gross profit.......
$250,000
$220,000
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