Exercise 13-3 (Algo) Computing and analyzing trend percents LO P1 Sales Cost of goods sold Accounts receivable 2021 $ 671, 445 351,601 32,431 2020 $ 433,190 226,859 25, 255 2019 $ 350,761 185,646 24,097 2018 $ 237,804 124,808 13,959 2017 $ 178,888 92,976 12,248 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 % Trend Percent for Cost of Goods Sold: Numerator: : 1 Denominator: 1 2021: 1 1 2020: 2019: 1 2018: / 2017: Is the trend percent for Cost of Goods Sold favorable or unfavorable? % = % = = % % Numerator: Trend Percent for Accounts Receivable: 1 Denominator: 1 Trend percent % % = 2021: 1 2020: 1 2019: 1 2018: 1 2017: Is the trend percent for Accounts Receivable favorable or unfavorable? % % = %