Problems 168. A company's sales in Year 1 were $280,000, and its sales in Year 2 were $341,600. Using Year 1 as the base year, what is the sales trend percent for Year 2? 169. Calculate the...







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168. A company's sales in Year 1 were $280,000, and its sales in Year 2 were $341,600. Using Year 1 as the base year, what is the sales trend percent for Year 2?











169. Calculate the percent increase or decrease for each of the following financial statement items:














































Year 2




Year 1




Cash............................




$ 37,500




$ 30,000




Accounts receivable..................




63,000




52,500




Inventory.........................




67,500




90,000




Accounts payable...................




35,100




27,000




Sales............................




187,500




150,000




Equipment........................




165,000




125,000








170. Comparative statements for Warmer Corporation are shown below:





















































WarmerCorporation



Comparative Income Statements



For the years ended December 31







2016




2015




2014




Sales............................




$14,800




$13,229




$13,994




Cost of goods sold...................




8,225




8,661




8,375




Gross profit.......................




6,575




4,568




5,619




Operating expenses..................




3,664




3,576




3,487




Operating income...................




$ 2,911




$ 992




$ 2,132








Calculate trend percentages for all income statement amounts shown and comment on the results. Use 2014 as the base year. Comment on the results.





May 15, 2022
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