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 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 | $ 683,265 | $ 455,510 | $ 360,087 | $ 248,336 | $ 182,600 |
| Cost of goods sold | 337,250 | 224,750 | 179,593 | 123,185 | 89,474 |
| Accounts receivable | 33,070 | 26,738 | 24,666 | 14,528 | 12,526 |
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Intermediate Accounting Reporting and Analysis
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
2nd edition
9781305727557, 1285453824, 9781337116619, 130572755X, 978-1285453828
