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 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
$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.
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