Sales Cost of goods sold Accounts receivable 2021 $ 553,188 273,512 26,830 2020 $ 359,213 177,614...

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Sales Cost of goods sold Accounts receivable 2021 $ 553,188 273,512 26,830 2020 $ 359,213 177,614 20,978 2019 $ 287,370 144,011 19,599 2018 $ 197,505 97,827 11,534 2017 $ 148,500 72,765 10,143 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: Trend Percent for Net Sales: Numerator: Denominator: = Trend percent = % = % = % = % %6 2017: Is the trend percent for Net Sales favorable or unfavorable? 2021: 2020: 2019: 2018: Trend Percent for Cost of Goods Sold: Numerator: Denominator: 2017: Is the trend percent for Cost of Goods Sold favorable or unfavorable? 2021: 2020: 2019: 2018: 2017: Trend Percent for Accounts Receivable: Numerator: Denominator: Is the trend percent for Accounts Receivable favorable or unfavorable? = Trend percent = % = % = % = % = % = Trend percent = % = % = % = % %6 Sales Cost of goods sold Accounts receivable 2021 $ 553,188 273,512 26,830 2020 $ 359,213 177,614 20,978 2019 $ 287,370 144,011 19,599 2018 $ 197,505 97,827 11,534 2017 $ 148,500 72,765 10,143 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: Trend Percent for Net Sales: Numerator: Denominator: = Trend percent = % = % = % = % %6 2017: Is the trend percent for Net Sales favorable or unfavorable? 2021: 2020: 2019: 2018: Trend Percent for Cost of Goods Sold: Numerator: Denominator: 2017: Is the trend percent for Cost of Goods Sold favorable or unfavorable? 2021: 2020: 2019: 2018: 2017: Trend Percent for Accounts Receivable: Numerator: Denominator: Is the trend percent for Accounts Receivable favorable or unfavorable? = Trend percent = % = % = % = % = % = Trend percent = % = % = % = % %6