Exercise 13-3 (Algo) Computing and analyzing trend percents LO P1 2021 Sales Cost of goods sold Accounts receivable $ 630,236 330,173 30,692 2020 $ 420,157 220,132 24,495 2019 $ 330,832 175,233 22,662 2018 2017 $ 238,868 $ 179,600 125,961 93,392 13,974 12,285 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: = Trend percent 1 1 = % = % % I = % Is the trend percent for Net Sales favorable or unfavorable? Trend Percent for Cost of Goods Sold: Numerator: Denominator: 2021: 2020: 2019: 2018: 1 1 I 2017: Is the trend percent for Cost of Goods Sold favorable or unfavorable? = = Trend percent % % || || II = do do = % 2021: 2020: 2019: 2018: Numerator: Trend Percent for Accounts Receivable: I 1 I Denominator: = Trend percent = II % II = % II = % = 2017: = Is the trend percent for Accounts Receivable favorable or unfavorable? % % do do