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

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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 Numerator: 2024 $509,911 262,655 24,782 2023 $331,111 170,617 19,403 Trend Percent for Net Sales: 2024: 2023: 2022: 2021: 2020: Is the trend percent for Net Sales favourable or unfavourable? 1 1 1 2022 $ 274,781 143,438 18,822 Denominator: Trend Percent for Cost of Goods Sold: 2021 $ 190,820 98,868 11,144 || 2020 $ 136,300 69,513 9,350 Trend percent % % % % % 4

Posted Date: May 18, 2024 10:13 AM

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

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