Sales Cost of goods sold Accounts receivable 2021 $ 511,648 253,158 24,815 2020 $ 332,239 164,397 19,403 2019 $ 272,327 136,740 18,573 2018 $ 200,979 99,730 11,757 2017 $ 146,700 71,883 10,064 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 $ 511,648 253,158 24,815 2020 $ 332,239 164,397 19,403 2019 $ 272,327 136,740 18,573 2018 $ 200,979 99,730 11,757 2017 $ 146,700 71,883 10,064 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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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