Question
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 . 2023 2020 573, 798 2024 $ 295,187 27,714 379, 999; 302, 788 Sales Cost of goods sold Accounts receivable 2022 $ 157,822 20,711 211002 $ 195,349 22,230 2021 $ 108,761 12,344 $ 151,800 77,418 10,413 Trend Percent for Net Sales : Numerator : Denominator : Trend percent % 2024 % 2023 : % 2022 : % 2021 : % 2020 : Is the trend percent for Net Sales favourable or unfavourable ? Trend Percent for Cost of Goods Sold Denominator : Numerator : Trend percent
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