Question
2021 2020 2019 2018 2017 Sales $ 509,414 $ 330,788 $ 258,428 $ 190,722 $ 143,400 Cost of goods sold 262,351 170,252 135,148 98,268 73,134
| 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|
| Sales | $ 509,414 | $ 330,788 | $ 258,428 | $ 190,722 | $ 143,400 |
| Cost of goods sold | 262,351 | 170,252 | 135,148 | 98,268 | 73,134 |
| Accounts receivable | 24,656 | 19,351 | 17,754 | 11,157 | 9,794 |
Compute trend percents for the above 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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Brinks Modern Internal Auditing A Common Body Of Knowledge
Authors: Robert R. Moeller
7th Edition
0470293039, 978-0470293034
