Exercise 13-3 (Algo) Computing and analyzing trend percents LO P1 Sales Cost of goods sold Accounts receivable 2021 $ 486,563 2020 $318,015 2019 $256,464 250,697 23,696 163,688 18,604 134,197 17,619 2018 $ 178,100 92,731 10,437 2017 $130,000 66,300 8,892 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: Trend Percent for Net Sales: Numarator: Denominator 2017: Is the trend percent for Net Sales favorable or unfavorable? 2021: 2020 P Trend percent % % %6 96 Trend Percent for Cost of Goods Sold Numerator: Denominator Trend percent