2021 Sales Cost of goods sold Accounts receivable $ 282,880 128,200 18,100 2020 $ 270,800 122,080 17,300 2019 $ 252,600 115,280 16,400 2018 $ 234,560 106,440 15,200 2017 $ 150,000 67,000 9,000 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. Trend Percent for Net Sales: Numerator: Denominator: Analysis period accounts receivable = Trend percent 2021: 0% 2020: = 0% 2019: 0% 2018: 0% 0% 2017: Is the trend percent for Net Sales favorable or unfavorable? 2021: 2020: 2019: 2018: 2017: Trend Percent for Cost of Goods Sold: Numerator: Denominator: = Trend percent 0% 0% 0% 0% 0% Is the trend percent for Cost of Goods Sold favorable or unfavorable? Trend Percent for Accounts Receivable: nces 2018: 2017: Is the trend percent for Net Sales favorable or unfavorable? 2021: 2020: 2019: 2018: Trend Percent for Cost of Goods Sold; Numerator: Denominator: 1 2017: Is the trend percent for Cost of Goods Sold favorable or unfavorable? 2021: 2020: 2019: 2018: Trend Percent for Accounts Receivable: Numerator: Denominator: 2017: Is the trend percent for Accounts Receivable favorable or unfavorable? = = 0% 0% Trend percent 0% 0% 0% 0% 0% Trend percent 0% 0% 0% 0% 0%