Exercise 13-3 (Algo) Computing and analyzing trend percents LO P1 2021 Sales Cost of goods sold Accounts receivable $ 502,117 258,480 24,403 2020 $ 330,340 170,073 19,391 2019 $ 264,272 138,029 18,076 2018 $ 188,094 97,878 10,947 2017 $136,300 69,513 9,323 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: Numerator: Trend Percent for Net Sales: Denominator: 1 = Trend percent 96 = %6 = %6 Is the trend percent for Net Sales favorable or unfavorable? 2021: 2020: 2019: 2018: 2017: Trend Percent for Cost of Goods Sold: Numerator: Denominator: Is the trend percent for Cost of Goods Sold favorable or unfavorable? ' %6 = Trend percent = %6 | = %6 = % % %6 2021: 2020: 2019: 2018: 2017: Numerator: Trend Percent for Accounts Receivable: 1 1 1 I I Denominator: Is the trend percent for Accounts Receivable favorable or unfavorable? Trend percent = % = %6 = % = % %6