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Compute trend percents for the following accounts using 2020 as the base year. For each...

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Accounting

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. 2024 2023 2022 2021 2020 Sales $ 480,645 $ 312,107 $ 244,790 $ 178,029 $ 135,900 Cost of goods sold 238,016 154,732 123,097 88,334 66,591 Accounts receivable 23,167 18,165 16,768 10,397 9,309

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