Sales Cost of goods sold Accounts receivable 2021 $ 422,976 214,038 20,514 2020 $ 272,888 138,094...

 

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Sales Cost of goods sold Accounts receivable 2021 $ 422,976 214,038 20,514 2020 $ 272,888 138,094 15,964 2019 $223,679 115,190 15,344 2018 $ 150,120 76,910 8,782 2017 $ 111,200 55,600 7,606 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 $ 422,976 214,038 20,514 2020 $ 272,888 138,094 15,964 2019 $223,679 115,190 15,344 2018 $ 150,120 76,910 8,782 2017 $ 111,200 55,600 7,606 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.

Answer rating: 100% (QA)

To calculate the trend percentages we will use 2017 as the base year and compare the amounts of each ... View the full answer