The following information is available for Cheyenne
Corp.:
2022
2021
Accounts receivable
$ 373000
Inventory
287000
Net credit sales
2911950
Cost of goods sold
1804000
Net income
309000
The accounts receivable turnover for 2022 is
If Year 1 cost of goods sold equals $760, Year 2 cost of
goods sold equals $820, and Year 3 cost of goods sold
equals $580, the percentage to be assigned for Year 1 in a
trend analysis, assuming that Year 1 is the base year, is
If Year 1 sales equal $750, Year 2 sales equal $1500,
and Year 3 sales equal $930, the percentage to be assigned for
Year 2 in a trend analysis, assuming that Year 1 is the base year,
is
The following information is available for Cheyenne Corp.: 2022 2021 Accounts receivable $ 373000 Inventory 287000 Net
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