2021 2020 2019 2018 2017 Sales $ 472, 287 $ 306, 680 $ 248, 324 $ 165, 549 $ 119, 100 Cost of goods sold 233, 821 151, 923 125, 129 82, 219 58, 359 Accounts receivable 22, 953 17, 910 16,936 9, 685 8, 170 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. Trend Percent for Net Sales: Numerator: Denominator: = Trend percent 2021: $ 472,287 = 0 % 2020: $ 306,680 0 % 2019: $ 248,324 0 % 2018: $ 165,549 0% 2017: $ 119,100 0 % Is the trend percent for Net Sales favorable or unfavorable? Trend Percent for Cost of Goods Sold: Numerator: Denominator: = Trend percent 2021: 0 % 2020: 0 % 2019: 0 % 2018: 0 % 2017: 0 % Is the trend percent for Cost of Goods Sold favorable or unfavorable? Trend Percent for Accounts Receivable: Numerator: Denominator: = Trend percent 2021: 0 % 2020: 0 %
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