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Sales Cost of goods sold Accounts receivable 2021 $ 739,887 379,792 35,663 2020 $ 480, 446 246,627 28,010 2019 $ 392,201 203,223 26,787 2018 $

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Sales Cost of goods sold Accounts receivable 2021 $ 739,887 379,792 35,663 2020 $ 480, 446 246,627 28,010 2019 $ 392,201 203,223 26,787 2018 $ 267,714 137,884 15,661 2017 $ 192,600 98,226 13,232 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: Numerator: Denominator: 1 1 / Trend percent 2021: 1 % 2020: / = % 2019: / % % = 2018: / 2017: / Is the trend percent for Net Sales favorable or unfavorable? % Numerator: Trend Percent for Cost of Goods Sold: 1 Denominator: / = Trend percent 2021: 1 - % 2020: / % 2019: / = % 2018: 1 % % 2017: Is the trend percent for Cost of Goods Sold favorable or unfavorable? Trend Percent for Accounts Receivable: Denominator: Numerator: - Trend percent 2021: / - % 2020: / = % 2019: % 2018: / % 2017: % Is the trend percent for Accounts Receivable favorable or unfavorable

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