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Calculate horizontal trend percentages as the base year

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Reference no: EM132806511

The following information has been gathered for Kermit Industries Limited:

                                  2020               2019             2018             2017              2016

Sales                 $374,900          $360,000      $354,000       $386,500     $375,000

Accounts receivable $20,500          $19,600          $19,400          $18,000    $19,500

Required:

Problem 1: Calculate horizontal trend percentages using 2016 as the base year. Does the horizontal analysis show a favourable or unfavourable trend for sales? Why?

Reference no: EM132806511

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