Ch 13 Homework Question 2 Exercise 13 3 (Algo) Computing and analyzing trend percents LO P1 2021 2020 2019 2018 2017 Sales $ 474,869 $ 316,579 $ 246,365 $ 169,907 $ 129,700 Cost of goods sold 249,382 166,271 131,560 89,652 67,444 Accounts receivable 22,984 18,457 16,901 9,889 8,846 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

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Question: Ch 13: Homework - Question 2 Exercise 13-3 (Algo) Computing and analyzing trend percents LO P1 2021 2020 2019 2018 2017 Sales $ 474,869 $

Ch 13: Homework - Question 2

Exercise 13-3 (Algo) Computing and analyzing trend percents LO P1

	2021	2020	2019	2018	2017
Sales	$ 474,869	$ 316,579	$ 246,365	$ 169,907	$ 129,700
Cost of goods sold	249,382	166,271	131,560	89,652	67,444
Accounts receivable	22,984	18,457	16,901	9,889	8,846

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.

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