Question
Sales Cost of goods sold Accounts receivable 2021 $ 500,319 257,713 24, 165 2020 $ 331,337 170,632 19,449 2019 $ 267,207 139,276 18,224 2018 $
Sales
Cost of goods sold
Accounts receivable
2021
$
500,319
257,713
24, 165
2020
$ 331,337
170,632
19,449
2019
$ 267,207
139,276
18,224
2018
$ 195,756
101, 686
11,413
2017
$ 148,300
75,633
10, 129
Compute trend percents for the above accounts, using 2017 as the base year. For each of the three accounts, state whether the situation as revealed by the trend percents appears to be favorable or unfavorable.
Sales Cost of goods sold Accounts receivable 2021 $ 500,319 257,713 24,165 2020 $ 331,337 170,632 19,449 2019 $ 267,207 139,276 18,224 2018 2017 $ 195,756 $ 148,300 101,686 11,413 75,633 10,129 Compute trend percents for the above accounts, using 2017 as the base year. For each of the three accounts, state whether the situation as revealed by the trend percents appears to be favorable or unfavorable.
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Financial Accounting and Reporting
Authors: Barry Elliott, Jamie Elliott
14th Edition
978-0273744535, 273744445, 273744534, 978-0273744443
