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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: 2023: 2022: 2021: 2020: Numerator 2024 $ 583,243 294,122 28,171 2023 $ 378,729 190,965 22,194 2022 $297,042 151,721 20,377 2021 $212,933 107,617 12,457 Trend Percent for Net Sales: 2020 $ 160,100 80,050 10,983 Denominator: Trend percent % % % % Is the trend percent for Net Sales favourable or unfavourable? Trend Percent for Cost of Goods Sold: Numerator: Denominator: Trend percent
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