11:00 PM Sun Mar 20 . . . 40% AA ezto.mheducation.com a G + Ch 17: Homework - GRADED Saved Help Save & Exit Submit Check my work Exercise 17-3 (Algo) Computing and analyzing trend percents LO P1 16 2021 2020 2019 2018 2017 points Sales $ 415, 460 $ 276, 973 $ 225, 181 $ 161, 420 $ 115, 300 Cost of goods sold 218, 489 145, 626 120, 194 85, 038 59 , 956 Accounts receivable 20 , 150 16, 258 15 , 380 9, 475 7,910 Compute trend percents for the above accounts, using 2017 as the base year. For each of the three accounts, state eBook whether the situation as revealed by the trend percents appears to be favorable or unfavorable. Trend Percent for Net Sales: Hint Numerator: Denominator: Analysis period net sales / Base year net sales Trend percent 2021: 0 % Print 2020: 0 % 11 11 11 11 11 10 2019: 0 % 2018 References 0 % 2017: 0 % Is the trend percent for Net Sales favorable or unfavorable? Favorable Trend Percent for Cost of Goods Sold: Numerator: Denominator: Analysis period cost of goods sold Base year cost of goods sold Trend percent 2021: 0 % 2020 0 % 11 11 11 11 11 11 2019: 0 % 2018: 0 % 2017: 0 % Is the trend percent for Cost of Goods Sold favorable or unfavorable? Unfavorable Trend Percent for Accounts Receivable: Numerator: Denominator: Analysis period accounts receivable / Base year accounts receivable Trend percent 2021: 0 % 2020 0 % 11 11 11 11 11 11 2019: 0 % 2018: 0 % 2017 0 % Is the trend percent for Accounts Receivable favorable or unfavorable? Unfavorable Mc Graw