Exercise 13-3 (Algo) Computing and analyzing trend percents LO P1 2021 Sales Cost of goods sold Accounts 2020 2019 2017 $ $ $ $ $ 638,615 422,924 349,524 233,016 175,200 321,758 213,062 177,912 118,358 87,600 2018 30,845 24,656 23,942 13,631 12,019 receivable 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 Net Sales: Numerator: 2021: 2020: 2019: 2018: 2017: I Denominator: Is the trend percent for Net Sales favorable or unfavorable? Trend Percent for Cost of Goods Sold: Numerator: 2021: 2020: 2019: 2018: 2017: 1 I Denominator: Is the trend percent for Cost of Goods Sold favorable or unfavorable? 2021: 2020: 2019: 2018: 2017: Trend Percent for Accounts Receivable: Numerator: Denominator: Is the trend percent for Accounts Receivable favorable or unfavorable? Trend percent % % % % % Trend percent % di di dididi % Trend percent 22222 % % % % %