Compute trend percents for the above accounts, using 2017 as the base year. For each of...
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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 $ 578,096 291,498 27,922 2020 375, 387 189,394 21,923 2019 2018 $ 310,237 $ 210,330 $ 155,800 106,665 12,325 2017 158,319 21,220 77,900 10,672 Trend Percent for Net Sales: Numerator: Denominator: Trend percent 2021: 2020: 2019: 2018: 2017: Is the trend percent for Net Sales favorable or unfavorable? Trend Percent for Cost of Goods Sold: Numerator: Denominator: Trend percent 2021: 2020: 2019: 2018: Is the trend percent for Accounts Receivable favorable or unfavorable? 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 $ 578,096 291,498 27,922 2020 375, 387 189,394 21,923 2019 2018 $ 310,237 $ 210,330 $ 155,800 106,665 12,325 2017 158,319 21,220 77,900 10,672 Trend Percent for Net Sales: Numerator: Denominator: Trend percent 2021: 2020: 2019: 2018: 2017: Is the trend percent for Net Sales favorable or unfavorable? Trend Percent for Cost of Goods Sold: Numerator: Denominator: Trend percent 2021: 2020: 2019: 2018: Is the trend percent for Accounts Receivable favorable or unfavorable?
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