Question: Using 20x7 as the base year, prepare a trend analysis for the following data, and tell whether the results suggest a favorable or unfavorable trend.

Using 20x7 as the base year, prepare a trend analysis for the following data, and tell whether the results suggest a favorable or unfavorable trend. (Round your answers to one decimalplace.)

20x7 20x8 $316,000 $272,000 $224,000 64,000 20x9 Net sales Accounts receivable (net) 86,000 42,000

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