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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 $ 586,817 $ 381,050 $ 304,840 $ 213,923 $ 163,300 Cost of goods sold 301,777 195,886 158,868 110,201 83,283 Accounts receivable 28,578 22,291 20,821 12,472 11,202
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