Question: 1 Exercise 13-3 (Algo) Computing and analyzing trend percents LO P1 1.42 points 2021 2020 Sales Cost of goods sold Accounts receivable $ 665,267

1 Exercise 13-3 (Algo) Computing and analyzing trend percents LO P1 1.42 points 2021 2020 Sales Cost of goods sold Accounts receivable $ 665,267 348,389 32,066 $ 440,574 230,596 25,818 005104 Skipped 2019 2018 $ 358,190 $240,396 189,709 24,572 126,006 14,063 2017 $ 179,400 93,288 12,289 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. eBook Hint 2021: Print 2020: References 2019: 2018: 2017: Mc Graw Trend Percent for Net Sales: Numerator: Denominator: Is the trend percent for Net Sales favorable or unfavorable? 2021: 2020: Trend percent % % = % % % Trend Percent for Cost of Goods Sold: Numerator: Denominator: Trend percent % % Prev 1 of 7 Next >

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