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Compute trend percents for the following accounts using 2020 as the base year. For each of the three accounts, state whether the situation as
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. 2024 Sales $ 408,075 2023 $272,050 2022 $211,712 Cost of goods sold Accounts receivable 202,407 19,751 135,055 15,888 106,739 14,523 2021 $ 149,093 74,356 8,677 2020 $ 112,100 54,929 7,645 2024: 2023: 2022: 2021: 2020: Numerator: Trend Percent for Net Sales: Is the trend percent for Net Sales favourable or unfavourable? Denominator: Trend percent % % % % % 2024: 2023: 2022: 2021: Numerator: Trend Percent for Cost of Goods Sold: Denominator: 2020: Is the trend percent for Cost of Goods Sold favourable or unfavourable? Trend Percent for Accounts Receivable: 2024: 2023: 2022: 2021: 2020: Numerator: Trend percent % % % % % Denominator: Trend percent % % % % % Is the trend percent for Accounts Receivable favourable or unfavourable?
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