2021 2020 2019 2018 Sales Cost of goods sold Accounts receivable $ 437,808 $ 282,457 216,976 140,104 21,146 16,524 $ 234,404 $ 156,792 118,008 16,010 2017 $ 112,800 55,272 78,578 9,157 7,727 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. 2021: 2020: 2019: 2018: 2017: Numerator: Trend Percent for Net Sales: Denominator: 1 1 Is the trend percent for Net Sales favorable or unfavorable? 2021: 2020: 2019: 2018: 2017: Trend percent % % % % % Trend Percent for Cost of Goods Sold: Numerator: Denominator: Trend percent % % % % % Is the trend percent for Cost of Goods Sold favorable or unfavorable? 2021: 2020: 2019: 2018: 2017: Trend Percent for Accounts Receivable: Numerator: Denominator: Trend percent % % % % % Is the trend percent for Accounts Receivable favorable or unfavorable? Prov 2 of 11 Next