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2021 2020 Sales Cost of goods sold Accounts receivable $ 691,524 341,397 33,608 $ 454,950 224,426 26,615 2019 $ 363,960 181,440 24,822 2018 $

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2021 2020 Sales Cost of goods sold Accounts receivable $ 691,524 341,397 33,608 $ 454,950 224,426 26,615 2019 $ 363,960 181,440 24,822 2018 $ 249,288 123,701 14,608 2017 $ 183,300 89,817 12,556 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. 2021: 2020: 2019: 2018: 2017: Trend Percent for Net Sales: Numerator: Denominator: 1 Is the trend percent for Net Sales favorable or unfavorable? 2021: Trend percent % % xxx % % % Trend Percent for Cost of Goods Sold: Numerator: Denominator: Trend percent

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