Calculate trend percentages for the following items using 1987 as the base year. Then state whether the

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Calculate trend percentages for the following items using 1987 as the base year. Then state whether the situation shown by the trends appears to be favorable or unfavorable:

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Financial Accounting

ISBN: 9780256091939

5th Edition

Authors: Kermit D. Larson, Paul B. W. Miller

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Question Posted: Jun 12, 2024 01:02 AM

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Calculate trend percentages for the following items using 1987 as the base year. Then state whether the

Question:

1991 Sales $595,000 1990 $561,000 1989 $527,000 1988 $497,250 1987 $425,000 Cost of goods sold 374,170 Accounts receivable 59,640 56,700 54,600 350,455 329,375 313,565 263,500 42,000 52,500

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Financial Accounting

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