Sales Cost of goods sold Accounts receivable 2021 $ 540,870 272,835 26,286 2020 $ 360,580 182,040 21,166 2019 $ 296,774 151,387 20,329 2018 $ 199,848 101,224 11,651 2017 $ 151,400 75,700 10,386 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: = Trend percent = 96 1 = 96 = 96 % % Is the trend percent for Net Sales favorable or unfavorable? 2021: 2020: 2019: 2018: Trend Percent for Cost of Goods Sold: Numerator: Denominator: 7 2017: Is the trend percent for Cost of Goods Sold favorable or unfavorable? 2021: 2020: 2019: 2018: 2017: Numerator: Trend Percent for Accounts Receivable: 1 7 7 Denominator: Is the trend percent for Accounts Receivable favorable or unfavorable? = Trend percent % = %6 = 96 = 96 = 96 Trend percent = 96 = % 96 % %6