ssignment Exercise 13-3 (Algo) Computing and analyzing trend percents LO P1 Sales Cost of goods sold Accounts receivable 2821 $ 523,457 258,944 25,335 2828 $348,971 172,746 28,485 2019 $282,568 141,558 19,290 2018 $ 197,688 97,824 11,599 2817 $ 152,000 74,480 10,307 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: 2018: 2018: Trend Percent for Net Sales: Numerator: Denominator: 2017: Is the trand percent for Not Sales favorable or unfavorable? Numerator Trend Percent for Cost of Goods Sold: Denominator: 2021: 2020: 2018: 2018: 2017: Is the trend percent for Cost of Goods Sold favorable or unfavorable? Numerator: Trend Percent for Accounts Receivable: = Trend percent Trend percent Denominator: Trend percent 2021: 20:20: 2018: 2018: = 2017: = Is the trend percent for Accounts Receivable favorable or unfavorable?