2021 2020 Sales Cost of goods sold Accounts receivable $ 562,633 295,169 27,288 $ 370,153 194,180 21,580 2019 $ 288,057 152,940 19,674 2018 $ 198,660 104,653 11,641 2017 $ 141,900 73,788 9,706 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: Trend Percent for Net Sales: Numerator: Denominator: I Is the trend percent for Net Sales favorable or unfavorable? 2021: 2020: 2019: 2018: 2017: Numerator: Trend Percent for Cost of Goods Sold: I I Denominator: Is the trend percent for Cost of Goods Sold favorable or unfavorable? 2021: 2020: 2019: 2018: 2017: Trend Percent for Accounts Receivable: Numerator: Denominator: I 1 1 Is the trend percent for Accounts Receivable favorable or unfavorable? 11 Trend percent 16 % = % 90 Trend percent % % % do do do Trend percent % % % % %