Compute trend percents for the above accounts, using 2017 as the base year. For each of the
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Question:
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 percent appears to be favorable or unfavorable.
2021 | 2020 | 2019 | 2018 | 2017 | |
---|---|---|---|---|---|
Sales | $ 422,959 | $ 274,649 | $ 212,906 | $ 154,280 | $ 110,200 |
Cost of goods sold | 213,930 | 138,975 | 109,803 | 78,540 | 55,100 |
Accounts receivable | 20,429 | 16,012 | 14,584 | 9,025 | 7,538 |
Related Book For
Fundamental Accounting Principles
ISBN: 978-1259536359
23rd edition
Authors: John Wild, Ken Shaw, Barbara Chiappett
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