Chapter 12, Problem 48CE

To determine

(a)

Introduction:

Time Series analysis helps the companies to measure its performance across time or in other words it is a technique that helps a company to compare its present operational results and present financial position with that of previous years. There are two type of trend analysis i.e. horizontal and vertical analysis.

To calculate:

The difference between accounts receivable, merchandise inventory, total assets, net sales, cost of goods sold from 2017 to 2019.

To determine

(b)

Introduction:

Time Series analysis helps the companies to measure its performance across time or in other words it is a technique that helps a company to compare its present operational results and present financial position with that of previous years. There are two type of trend analysis i.e. horizontal and vertical analysis.

To find:

The percentage of account receivable and merchandise inventory to that of total assets and percentage of cost of good sold to that of net sales.