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

Exercise 13-3 (Algo) Computing and analyzing trend percents LO P1 2021 2020 2019 2018 2017 Sales $ 476,490 $ 313,480 $ 244,906 $ 175,560 $ 133,000 Cost of goods sold 236,030 155,255 123, 104 87,174 65,170 Accounts receivable 23,014 18,370 16,727 10,270 9,124 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 Not Sales: Denominator: Numerator: Trend percent 2021: % % 2020: 2019: 7 % % % 2018: 2017: Is the trend percent for Net Sales favorable or unfavorable? Trend Percent for Cost of Goods Sold: Denominator: Numerator Trend percent % 2021: Trend Percent for Cost of Goods Sold: Numerator: Denominator: 1 1 Trend percent 1 % 2021: 2020: / III II % 2019: / % % 11 % 2018: 1 2017: Is the trend percent for Cost of Goods Sold favorable or unfavorable? Trend Percent for Accounts Receivable: 1 Denominator: Numerator: 1 Trend percent % / 2021: ##### % 2020: % 2019: 2018: % % / 2017: Is the trend percent for Accounts Receivable favorable or unfavorable