Compute trend percents for the following financial items, using 2006 as the base year. State whether the situation as revealed by the trends appears to be favorable or unfavorable for each item.

2010 2009 2008 2007 2006 Sales . . . . . . . . . . . . . . . . . . $282,880 $270,800 $252,600 $234,560 $150,000 Cost of goods sold . . . . . . . . 128,200 122,080 115,280 106,440 67,000 Accounts receivable . . . . . . . 18,100 17,300 16,400 15,200 9,000.AppendixLO1