Exercise 13-3 (Algo) Computing and analyzing trend percents LO P1 2021 2020 Sales Cost of goods sold 287,731 27,491 Accounts receivable $570,361 $370,364 186,782 21,703 2019 $ 301,109 $218,908 153,955 20,566 2018 110,894 12,789 2017 $165,900 82,950 11,364 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: Is the trend percent for Net Sales favorable or unfavorable? 2021: 2020: 2019: 2018: 2017: Trend percent % % % % Trend Percent for Cost of Goods Sold: 1 Numerator: Denominator: Trend percent % 1 % % % % Is the trend percent for Cost of Goods Sold favorable or unfavorable? Trend Percent for Accounts Receivable: 2021: 2020: 2019: 2018: 2017: Numerator: Denominator: Is the trend percent for Accounts Receivable favorable or unfavorable? = Trend percent % % % % %