2.

Exercise 17-3 (Algo) Computing and analyzing trend percents LO P1 2018 228,096 113,517 13,298 Sales Cost of goods sold Accounts receivable. 2021 $ 601,386 297,179 29,227 Numerator: 2020 $ 400,924 198,253 23,534 2019 $ 318,194. 159,365 21,701 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: 2021: 2020: 2019: 2018: 2017: Is the trend percent for Net Sales favorable or unfavorable? 1 $ Denominator: M 2017 $ 172,800 84,672 11,820 #H Trend percent % % % % % Is the trend percent for Net Sales favorable or unfavorable? 2021: 2020: 2019: Numerator: 2021: 2020: 2019: Trend Percent for Cost of Goods Sold: Denominator: Numerator: 1 2018: 2017: Is the trend percent for Cost of Goods Sold favorable or unfavorable? 1 Trend Percent for Accounts Receivable: Denominator: 1 1 2018: 2017: 1 Is the trend percent for Accounts Receivable favorable or unfavorable? = = 11 11 HH = Trend percent Trend percent je de de % % % % % ***** % % % % %