15 2 Compute trend percents for the following accounts using 2020 as the base year. For each of the three accounts, state whether the situation as revealed by the trend percents appears to be favourable or unfavourable. points Skipped 2024 Sales Cost of goods sold Accounts receivable $ 553,119 290,122 26,882 2023 $ 363,894 190,775 21,215 2022 2021 2020 155,088 20,021 $ 292,284 $ 210,276 110,844 $ 159,300 12,322 82,836 10,928 Print 2024: References 2023: 2022: 2021: 2020: Numerator: Trend Percent for Net Sales: I 1 1 Is the trend percent for Net Sales favourable or unfavourable? Denominator: Trend Percent for Cost of Goods Sold: Numerator: I Denominator: 1 2024: 2023: 2022: 2021: 2020: I Is the trend percent for Cost of Goods Sold favourable or unfavourable? = Trend percent = 0% = 0% == 0% 11 0% = 0% 11 II Trend percent 0% 0% 0% 0% 0 %