Exercise 13-3 (Algo) Computing and analyzing trend percents LO P1 Sales Cost of goods sold Accounts receivable 2021 $ 621,134 325,540 30,249 2020 $ 408,641 214,193 23,865 2019 $ 328,226 174,128 22,516 2018 $ 225,585 118,704 13,152 2017 $ 167,100 86,892 11,430 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 = % = 0% % % Is the trend percent for Net Sales favorable or unfavorable? 2021: 2020: 2019: 2018: 2017: Numerator: Trend Percent for Cost of Goods Sold: Denominator: Is the trend percent for Cost of Goods Sold favorable or unfavorable? 2021: 2020: 2019: 2018: 2017: Trend percent = % = % = % = % % Trend Percent for Accounts Receivable: Numerator: Denominator: = ||||| Trend percent = % % = % 1 = % = % Is the trend percent for Accounts Receivable favorable or unfavorable?