1 Exercise 13-3 (Algo) Computing and analyzing trend percents LO P1 16.66 points Sales Cost of goods sold Accounts receivable 2021 $ 560,221 293,865 27,059 2020 $363,700 190,916 21,354 2019 $ 283,097 150,360 19,364 2018 $206,640 2017 ellook Hint 10,125 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. 109,103 12,109 $ 147,600 76,752 1 16.66 points 2021: 2020: 2019: 2018: eBook Hint Print Numerator: Trend Percent for Net Sales: 2017: Is the trend percent for Net Sales favorable or unfavorable? 2021: 2020: 2019: 2018: Denominator: Trend percent = % % % = % % Trend Percent for Cost of Goods Sold: Numerator: Denominator: Trend percent % % % % % 2017: Is the trend percent for Cost of Goods Sold favorable or unfavorable? 2021: 2020: 2019: 2018: 2017: Trend Percent for Accounts Receivable: Numerator: Denominator: Is the trend percent for Accounts Receivable favorable or unfavorable? Trend percent = % % % % %