Exercise 13-3 (Algo) Computing and analyzing trend percents LO P1 Sales Cost of goods sold Accounts receivable 2021 $ 485,651 250,132 23,506 2020 $ 317,419 163,584 18,632 2019 $ 264,516 138,203 18,093 2018 $ 179,333 92,860 10,473 2017 $ 130,900 66,759 8,954 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 Trend Percent for Net Sales: Numerator: 1 Denominator: 1 2021: / 2020: 1 2019: 1 2018: 2017: Is the trend percent for Net Sales favorable or unfavorable? % % % % = % Trend Percent for Cost of Goods Sold: Denominator: Numerator: 1 Trend percent % 2021: 2020: 7 1 % 7 % 2019: 2018: % % 2017: Is the trend percent for Cost of Goods Sold favorable or unfavorable? Trend percent % Trend Percent for Accounts Receivable: Numerator: 1 Denominator: 1 2021: 7 2020: 1 2019: 1 2018: 2017: Is the trend percent for Accounts Receivable favorable or unfavorable? % = % % %