Exercise 13-3 (Algo) Computing and analyzing trend percents LO P1 Sales Cost of goods sold Accounts receivable 2021 $ 407,399 206,100 19,637 2020 $ 264,545 134,023 15,449 2019 $212,486 2018 $152,328 2017 $112,000 109,393 14,513 77,610 56,000 8,926 7,661 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: Denominator: Base year net sales 2021: 2020: 1 2019: 2018: 2017: Is the trend percent for Net Sales favorable or unfavorable? 2021: 2020: 2019: 2018: 2017: Trend percent 0% 0% 0% 0% 0% Trend Percent for Cost of Goods Sold: Numerator: Denominator: Trend percent 0% 0% 0 % Is the trend percent for Cost of Goods Sold favorable or unfavorable? 0% 0 %