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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 Numerator: 2024: 2023: 2022: 2021: 2024 $ 563,368 278,500 27,380 Numerator: 2023 $ 370,637 183,412 21,719 1 1 1 1 1 1 1 2024: 2023: 2022: 2021: 2020: Is the trend percent for Net Sales favourable or unfavourable? Trend Percent for Net Sales: 2022 $ 303,801 152,062 20,810 Denominator: Trend Percent for Cost of Goods Sold: 1 1 1 J 1 Denominator: 2021 $ 213,194 106,065 12,493 Prev RE = = = = 2020 $ 159,100 77,959 10,898 Trend percent 1 of 4 Trend percent % % % % % % % % % Next > NASANGRANAL W
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