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 $ 628,449 322,959 30,417 2023 $ 408,084 209,773 23,750 2022 $ 334,495 173,642 22,846 2021 $ 232,288 119,917 13,589 2020 $ 170,800 87,108 11,683 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: Denominator: = Trend percent % = % % % % Numerator: Trend Percent for Cost of Goods Sold: Denominator: 2020: Is the trend percent for Cost of Goods Sold favourable or unfavourable? Trend Percent for Accounts Receivable: Numerator: 1 Denominator: 1 2024: 2023: 2022: 2021: 1 1 1 2020: Is the trend percent for Accounts Receivable favourable or unfavourable? Trend percent = 96 = 96 = % = 88 96 Trend percent = % = 96 = % ==1 % = 96 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 $ 628,449 322,959 30,417 2023 $ 408,084 209,773 23,750 2022 $ 334,495 173,642 22,846 2021 $ 232,288 119,917 13,589 2020 $ 170,800 87,108 11,683 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: Denominator: = Trend percent % = % % % % Numerator: Trend Percent for Cost of Goods Sold: Denominator: 2020: Is the trend percent for Cost of Goods Sold favourable or unfavourable? Trend Percent for Accounts Receivable: Numerator: 1 Denominator: 1 2024: 2023: 2022: 2021: 1 1 1 2020: Is the trend percent for Accounts Receivable favourable or unfavourable? Trend percent = 96 = 96 = % = 88 96 Trend percent = % = 96 = % ==1 % = 96

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To compute the trend percents for the given accounts using 2020 as the base year we can use the foll... View the full answer