13-31 Saved Exercise 13-3 (Algo) Computing and analyzing trend percents LO P1 Sales Cost of goods sold Accounts receivable 2021 $572,834 289,017 27,611 2020 $371,970 187,535 21,797 2019 $ 307,413 156,957 21,027 2018 $ 223,573 112,837 13,012 2017 $ 168,100 84,050 11,515 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: Base year net sales Denominator: Base year net sales 2021: S 627 6157 2020: 2019: 2018: 2017: Trend percent 0% 0% 0% 096 0% Numerator: Base year net sales 2021: $ Trend Percent for Net Sales: Denominator: Base year net sales 627,615/ 2020: 2019: 2018: 2017: 1 Is the trend percent for Net Sales favorable or unfavorable? Trend Percent for Cost of Goods Sold: Numerator: Denominator: 2021: 2020: 2019: 2018: 2017: Is the trend percent for Cost of Goods Sold favorable or unfavorable? Trend Percent for Accounts Receivable: Numerator: Denominator: 2021: 2020: to search II Trend percent 0% = 0% == 0% 0% 0% Trend percent = 0% = 0% = 0% 0% 0% Trend percent 0% = 096 Prv 1 of 1 Next 2021: 2020: 2019: 2018: Numerator: Trend Percent for Cost of Goods Sold: Denominator: 2017: Is the trend percent for Cost of Goods Sold favorable or unfavorable? Trend Percent for Accounts Receivable: 2021: 2020: 2019: 2018: 2017: Numerator: 1 Denominator: Is the trend percent for Accounts Receivable favorable or unfavorable? IL Trend percent 0% 0% 0% = 0% 0% " 11 Trend percent + 0 % 0% 0% 0 % 0 %