Exercise 13-3 (Algo) Computing and analyzing trend percents LO P1 Sales Cost of goods sold Accounts receivable 2021 $ 575,784 290,492 27,868 2020 $ 378,805 2019 $ 310,496 2018 $213,399 107,750 12,484 2017 $ 162,900 81,450 191,103 22,084 158,698 21,300 11,126 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: Is the trend percent for Net Sales favorable or unfavorable? Trend percent % % % % % 2021: 2020: 2019: 2018: Numerator: Trend Percent for Cost of Goods Sold: Denominator: 1 2017: Is the trend percent for Cost of Goods Sold favorable or unfavorable? Trend Percent for Accounts Receivable: 2021: 2020: 2019: 2018: 2017: Numerator: Trend percent % % % Denominator: Trend percent % % % % Is the trend percent for Accounts Receivable favorable or unfavorable