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do the whole question please. Exercise 13-3 (Algo) Computing and analyzing trend percents LO P1 2021 2020 2019 2018 2017 Sales $ 578,096 $375,387 $
do the whole question please.
Exercise 13-3 (Algo) Computing and analyzing trend percents LO P1 2021 2020 2019 2018 2017 Sales $ 578,096 $375,387 $ 310,237 $ 210,330 $ 155,800 Cost of goods sold 291, 498 189, 394 158,319 106,665 77,900 Accounts receivable 27,922 21,923 21, 220 12,325 10,672 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: 2018: 1 2017: Is the trend percent for Net Sales favorable or unfavorable? % Trend Percent for Cost of Goods Sold: Denominator: Numerator: Trend percent 2021: 2020: 2019: 2018: % % % Trend percent Trend Percent for Cost of Goods Sold: Numerator: Denominator: 1 2021: / 2020: / 2019: 1 2018: / 2017: Is the trend percent for Cost of Goods Sold favorable or unfavorable? 11 % % % % 11 U11 % Trend Percent for Accounts Receivable: Denominator: Numerator: Trend percent 11 % % 2021: 2020: 2019: 2018: 2017: Is the trend percent for Accounts Receivable favorable or unfavorable? % % Step by Step Solution
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