Exercise 13-3 (Algo) Computing and analyzing trend percents LO P1 2021 Sales Cost of goods sold Accounts receivable $ 412,124 212,633 19,947 2020 $ 267,613 138,083 15,629 2019 2018 2017 $219,355 115,221 15,026 $158,379 82,423 9,233 $ 120,900 61,659 8,257 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 % Trend Percent for Cost of Goods Sold: Numerator Denominator: Trend percent Prav Next % 2021: 2020: 2019: 2018: Numerator: Trend Percent for Cost of Goods Sold: Denominator: 2017: Is the trend percent for Cost of Goods Sold favorable or unfavorable? Trend Percent for Accounts Receivable: 2021: 2020: 2019: 2018: 2017: Numerator: Denominator: Is the trend percent for Accounts Receivable favorable or unfavorable? Trend percent % % % % % Trend percent = % 96 % = % Prev 1 of 1 Next