Turcotte Corp reported the following revenues and net income amounts
2017 2016 2015 2014 2013
Revenue $728 $675 $500 $485 $452
Cost of goods sold 650 602 456 403 398
Calculate Turcotte's trend analysis for revenues and cost of goods sold. Use 2013 as the base year, and round to the nearest percent.
What will be an ideal response
Trend analysis for revenue
2017 2016 2015 2014 2013
Revenue $728 $675 $500 $485 $452
Trend percentages 161 149 111 107 100
Trend analysis for net income
2017 2016 2015 2014 2013
Cost of Goods Sold $650 $602 $456 $403 $398
Trend percentages 163 151 115 101 100 .Trend analysis = (Any period amount/Base period amount) x 100
You might also like to view...
Roubov Inc. is a chain of American department stores that sells clothing, furniture, home appliances, and toys.It buys its goods in large quantities directly from a manufacturer. Based on this information, Roubov Inc. most likely makes use of a(n) _____
a. retailer channel b. wholesaler channel c. agent channel d. directchannel
Which of the following is the best example of a durable good?
A) a bag of cat food B) a refrigerator C) a bottle of nail polish D) a package of lightbulbs E) detergent