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Compute trend percents for the above accounts, using 2017 as the base year. For each of the three accounts, state whether the situation as
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: Analysis period net sales Base year net sales Trend percent 2021: $ 2020: $ 2019: $ 2018: $ 584,138/ 0% es 384,301 / 0% 318,922/ 0% 220,707 / 0% 2017: $ 161,100 / = 0% Is the trend percent for Net Sales favorable or unfavorable? Numerator: Trend Percent for Cost of Goods Sold: Analysis period cost of goods sold Denominator: Base year cost of goods sold = Trend percent 2021: $ 2020: $ 306,202 / 0% 201,437 / = 0% 2019: $ 169,289 / 0%
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