Question: Exercise 1 3 - 3 ( Algo ) Computing and analyzing trend percents LO P 1 Compute trend percents for the above accounts, using 2

Exercise

13 - 3 (

Algo

)

Computing and analyzing trend percents LO P

1

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. Is the trend percent for Cost of Goods Sold favorable or unfavorable?

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

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