Exercise 13-3 (Algo) Computing and analyzing trend percents LO P1 2021 Sales Cost of goods sold Accounts receivable $ 593,540 311,141 28,846 2020 $ 395,693 207,510 23,029 2019 $ 317,826 168,570 21,739 2018 $ 227,832 120,373 13,351 2017 $ 172,600 89,752 11,858 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: Numerator: Trend Percent for Net Sales: Denominator; = Trend percent = 0% = 0% = 0% = 0% = 0% Is the trend percent for Net Sales favorable or unfavorable? 2021: 2020: 2019: 2018: 2017: Trend Percent for Cost of Goods Sold: Numerator: Denominator: 1 7 Is the trend percent for Cost of Goods Sold favorable or unfavorable? 2021: 2020: 2019: 2018: 2017: = Trend percent = 0% = 0% = 0% = 0% = 0% Trend Percent for Accounts Receivable: Numerator: 7 Denominator: = Trend percent V 1 = 0% = 0% = 0% = 0% = 0% Is the trend percent for Accounts Receivable favorable or unfavorable?