Compute trend percents for the following accounts using 2017 as the base year. For each of the
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Compute trend percents for the following accounts using 2017 as the base year. For each of the three accounts, state whether the situation as revealed by the trend percents appears to be favorable or unfavorable.
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2021 2020 2019 2018 2017 Sales .... $282,880 $270,800 $252,600 $234,560 $150,000 Cost of goods sold... Accounts receivable..... 128,200 122,080 115,280 106,440 67,000 18,100 17,300 16,400 15,200 9,000
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