Exercise 13-3 (Algo) Computing and analyzing trend percents LO P1 2021 2020 2019 2018 2017 Sales $ 648,665 $ 432,443 $ 340,586 $242,353 $ 176,900 Cost of goods sold 326,933 217,972 173,553 122,277 88,450 Accounts receivable 31,395 25,211 23,257 14,202 12,100 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: Denominator Numerator: Trend percent 2021: 2020: 2019: 2018 2017: % % % is the trend percent for Net Sales favorable or unfavorable? Trend Percent for Cost of Goods Sold: Denominator: Numerator Trend percent 2021: 2020: 1 2019: 2018: 2017: Is the trend percent for Cost of Goods Sold favorable or unfavorable? % % % 2018: 2017: Is the trend percent for Net Sales favorable or unfavorable? IIII = % Trend Percent for Cost of Goods Sold: Denominator: Numerators Trend percent % 2021: 2020: 2019: 1 % ### % % 2018: 2017: Is the trend percent for Cost of Goods Sold favorable or unfavorable? % Trend Percent for Accounts Receivable: Denominator: Numerator: Trend percent % % % hoes 2021: 2020: 2019: 2018: 2017: Is the trend percent for Accounts Receivable favorable or unfavorable? IIIIIII % %