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2 Compute trend percents for the following accounts using 2020 as the base year. For each of the three accounts, state whether the situation
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. 15 points Print 2024 Sales Cost of goods sold Accounts receivable $ 710,864 357,882 34,406 2023 $ 467,674 235,387 27,312 2022 $ 369,703 188,102 25,251 2021 $ 256,738 129,519 14,968 2020 $ 187,400 93,700 12,837 2024: 2023: 2022: 2021: 2020: Numerator: Trend Percent for Net Sales: Is the trend percent for Net Sales favourable or unfavourable? 2024: 2023: 2022: 2021: 2020: Denominator: Trend percent % % % % % Trend Percent for Cost of Goods Sold: Numerator: Denominator: 1 1 Trend percent % % I % % % Is the trend narcant for Cost of Gonde Sold favourable or unfavourablo?
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Intermediate Accounting
Authors: Loren A. Nikolai, John D. Bazley, Jefferson P. Jones
11th edition
978-0538467087, 9781111781262, 538467088, 1111781265, 978-0324659139
