Question
Sales Cost of goods sold. Accounts receivable 2021 $ 488,088 251,375 23,623 2020 $319,012 164,496. 18,662 2019 $ 249,228 130,606 16,997 2018 2017 $
Sales Cost of goods sold. Accounts receivable 2021 $ 488,088 251,375 23,623 2020 $319,012 164,496. 18,662 2019 $ 249,228 130,606 16,997 2018 2017 $ 174,285 90,285 $ 129,100 65,841 10,213 8,830 Compute trend percents for the above accounts, using 2017 as the base year. For each of the three accounts, state whether th situation as revealed by the trend percents appears to be favorable or unfavorable. 2021: 2020: 2019: 2018: 2017: Trend Percent for Net Sales: Numerator: Denominator: Is the trend percent for Net Sales favorable or unfavorable? 2021: 2020: 2019: 2018: 2017: Trend percent. = % = % % % % Trend Percent for Cost of Goods Sold: Numerator: Denominator: Trend percent % % % % % Is the trend percent for Cost of Goods Sold favorable or unfavorable? Trend Percent for Accounts Receivable: 2021: 2020: 2019: 2018: 2017: Numerator: 1 Denominator: Trend percent % % % % % Is the trend percent for Accounts Receivable favorable or unfavorable?
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