Sales Cost of goods sold Accounts receivable 2021 2020 $612,715 $403,102 315,035 29,717 207,232 23,622 2019 $331,771 172,603 22,693 2018 2017 $245,756 $ 187,600 95,676 12,888 127,086 14,426 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 2020 $612,715 $403,102 315,035 29,717 207,232 23,622 2019 $331,771 172,603 22,693 2018 2017 $245,756 $ 187,600 95,676 12,888 127,086 14,426 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.

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Description: Please do not give solution in image format thanku Numerator:Trend Percent for Accounts Receivable:Denominator:2021:2020:2019:2018:2017:Is the trend percent for Accounts Receivable favorable or unfavorable?11/=11|||||||||Trend percent%%dede%%de de% S

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter12: Fainancial Statement Analysis

Section: Chapter Questions

Problem 48CE

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