Question
2021 2020 2019 2018 Sales $ 495,725 $ 328,295 $ 273,579 $194,028 Cost of goods sold Accounts receivable 172,463 19,140 260,227 24,092 145,411 18,713
2021 2020 2019 2018 Sales $ 495,725 $ 328,295 $ 273,579 $194,028 Cost of goods sold Accounts receivable 172,463 19,140 260,227 24,092 145,411 18,713 102,695 11,351 2017 $ 140,600 73,112 9,631 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. Trend Percent for Net Sales: Numerator: Denominator: 2021: 2020: 2019: 2018: 2017: Is the trend percent for Net Sales favorable or unfavorable? Trend percent Numerator: Trend Percent for Cost of Goods Sold: Denominator: Trend percent 2021: 2020: 2019: 2018: 2017: Is the trend percent for Cost of Goods Sold favorable or unfavorable? Trend Percent for Accounts Receivable: Numerator: Denominator: % % % % % %
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