Compute trend percents for the following accounts using 2020 as the base year. For each of...

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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 by the trend percents appears to be favourable or unfavourable. Sales Cost of goods sold Accounts receivable 2024 $ 483,267 234,368 23,487 2023 $ 317,939 154,411 18,568 2022 $ 247,423 121,863 16,998 2021 $ 179,292 87,360 10,524 2020 $ 133,800 64,224 9,152 2024: 2023: 2022: 2021: 2020: Numerator: Trend Percent for Net Sales: Is the trend percent for Net Sales favourable or unfavourable? 2024: 2023: 2022: 2021: 2020: Denominator: Trend percent % % % % % Trend Percent for Cost of Goods Sold: Numerator: Denominator: Trend percent % % % % % 2024: 2023: 2022: 2021: Numerator: Trend Percent for Accounts Receivable: Denominator: 2020: Is the trend percent for Accounts Receivable favourable or unfavourable? = = Trend percent % 10 % % % % 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 $ 483,267 234,368 23,487 2023 $ 317,939 154,411 18,568 2022 $ 247,423 121,863 16,998 2021 $ 179,292 87,360 10,524 2020 $ 133,800 64,224 9,152 2024: 2023: 2022: 2021: 2020: Numerator: Trend Percent for Net Sales: Is the trend percent for Net Sales favourable or unfavourable? 2024: 2023: 2022: 2021: 2020: Denominator: Trend percent % % % % % Trend Percent for Cost of Goods Sold: Numerator: Denominator: Trend percent % % % % % 2024: 2023: 2022: 2021: Numerator: Trend Percent for Accounts Receivable: Denominator: 2020: Is the trend percent for Accounts Receivable favourable or unfavourable? = = Trend percent % 10 % % % %