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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 revealed
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 2023 2022 2021 2020 Sales $ 481,007 $ 320,671 $ 259,653 $ 174,264 $ 127,200 Cost of goods sold 247,814 165,292 135,673 90,825 64,872 Accounts receivable 23,377 18,823 17,734 10,177 8,688
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