Question: Exercise 1 7 - 3 ( Algo ) Computing and analyzing trend percents LO P 1 2 0 2 1 2 0 2 0 2

Exercise 17-3(Algo) Computing and analyzing trend percents LO P1
20212020201920182017Sales$ 672,179$ 439,333$ 348,677$ 250,847$ 183,100Cost of goods sold338,640221,267177,389126,82491,550Accounts receivable32,39925,65723,81514,64912,506
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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