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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
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 $519,454 251,888 25,142 2023 $ 341,746 165,638 19,890 2022 $ 268,036 131,807 18,334 2021 $ 192,832 94,559 11,300 2020 $ 147,200 70,656 10,083. Trend Percent for Net Sales: Is the trend percent for Net Sales favourable or unfavourable? Denominator: Trend percent % % % % 2024: 2023: 2022: 2021: Numerator: Trend Percent for Cost of Goods Sold: 1 Denominator: 2020: Is the trend percent for Cost of Goods Sold favourable or unfavourable? Trend Percent for Accounts Receivable: 2024: 2023: 2022: 2021: 2020: Numerator: Denominator: Is the trend percent for Accounts Receivable favourable or unfavourable? Trend percent % % % % Trend percent % = % = % % %
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