Compute index-number trend percent"s for the following accounts, using Year 1 as the base year. State whether the situation as revealed by the trends appears to be favorable or unfavorable.
|
Year 5
|
Year 4
|
Year 3
|
Year 2
|
Year 1
|
|
Sales
|
$283,880
|
$271,800
|
$253,680
|
$235,560
|
$151,000
|
|
Cost of goods sold
|
129,200
|
123080
|
116,280
|
107,440
|
68000
|
|
Accounts receivable
|
19,100
|
18,300
|
$17,400
|
16,200
|
10,000
|