Exercise 13-3 (Algo) Computing and analyzing trend percents LO P1 Sales Cost of goods sold Accounts receivable 2021 $ 666,158 349,002 32,442 2020 $ 444,105 232,635 25,936 2019 $ 346,957 183,518 23,697 2018 $ 232,078 122,531 13,530 2017 $ 169,400 88,088 11,587 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. 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. 11 = Trend percent 11 % Trend Percent for Net Sales: Numerator: Denominator: 1 2021: 1 2020: 1 2019: / 2018: 1 2017: Is the trend percent for Net Sales favorable or unfavorable? % % % = Trend percent 11 % Trend Percent for Cost of Goods Sold: Numerator: Denominator: 1 2021: 1 2020: 1 2019: 2018: 2017: Is the trend percent for Cost of Goods Sold favorable or unfavorable? % % 11 = Trend percent 11 Trend Percent for Accounts Receivable: Numerator: Denominator: 1 2021: 1 2020: 2019: / 2018: 1 2017: Is the trend percent for Accounts Receivable favorable or unfavorable? 11 % % % = %