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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. Sales Cost of goods sold Accounts receivable 2024 $746,664 2023 2022 368,365 36,139 $ 484,847 239,225 28,315 $ 375,850 187,417 25,783 2021 $ 255,680 126,583 14,932 2020 $188,000 92,120 12,859 2024: 2023: 2022: 2021: 2020: Numerator: Trend Percent for Net Sales: 1 Is the trend percent for Net Sales favourable or unfavourable? 2024: 2023: 2022: 2021: 2020: Denominator: Trend percent % % % Trend Percent for Cost of Goods Sold: Numerator: Denominator: Trend percent % % % % % te the trond norront for net of annde Snid faunwahlo ne unfawrvirahlo? Is the trend percent for Net Sales favourable or unfavourable? 2024: 2023: 2022: 2021: % de de a % Numerator: Trend Percent for Cost of Goods Sold: Denominator: Trend percent % 2020: Is the trend percent for Cost of Goods Sold favourable or unfavourable? 2024: 2023: 2022: 2021: % % Trend Percent for Accounts Receivable: Numerator: Denominator: Trend percent 2020: Is the trend percent for Accounts Receivable favourable or unfavourable? % a a % % aa % %
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