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Exercise 13-3 (Algo) Computing and analyzing trend percents LO P1 2021 Sales Cost of goods sold Accounts receivable $ 665,267 348,389 32,066 2020 $

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Exercise 13-3 (Algo) Computing and analyzing trend percents LO P1 2021 Sales Cost of goods sold Accounts receivable $ 665,267 348,389 32,066 2020 $ 440,574 230,598 25,818 0:43:30 ped 2019 $ 358,190 189,709 24,572 2018 $ 240,396 126,006 14,063 2017 $ 179,400 93,288. 12,289 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. ook int 2021: rint 2020: rences 2019: 2018: 2017: Trend Percent for Net Sales: Numerator: Denominator: Is the trend percent for Net Sales favorable or unfavorable? 2021: 2020: Trend percent % % % % Trend Percent for Cost of Goods Sold: Numerator: Denominator: Trend percent % %

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