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Compute trend percents for the following accounts using 2020 as the base year. For each of the three accounts, state whethe situation as revealed
Compute trend percents for the following accounts using 2020 as the base year. For each of the three accounts, state whethe situation as revealed by the trend percents appears to be favourable or unfavourable. Sales Cost of goods sold Accounts receivable 2024 $ 469,467 227,894 22,863 2023 $ 308,860 149,803 18,099 2022 $ 251,106 123,631 17,125 2021 $ 181,304 88,726 10,624 2020 $ 138,400 66,432 9,494 2024: 2023: 2022: 2021: 2020: Numerator: Trend Percent for Net Sales: Denominator: Trend percent % % Is the trend percent for Net Sales favourable or unfavourable? Trend Percent for Cost of Goods Sold: 2024: 2023: Numerator: Denominator: E Trend percent 70
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