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

	2021	2020	2019	2018	2017
Sales	$ 690,068	$ 448,096	$ 361,368	$ 258,120	$ 191,200
Cost of goods sold	354,535	230,029	187,748	132,691	97,512
Accounts receivable	33,399	26,258	24,754	15,126	13,116

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:
	Numerator:	/	Denominator:
	Analysis period net sales	/	Base year net sales	=	Trend percent
2021:		/		=	0	%
2020:		/		=	0	%
2019:		/		=	0	%
2018:		/		=	0	%
2017:		/		=	0	%
Is the trend percent for Net Sales favorable or unfavorable?					Favorable
Trend Percent for Cost of Goods Sold:
	Numerator:	/	Denominator:
	Analysis period cost of goods sold	/	Base year cost of goods sold	=	Trend percent
2021:		/		=	0	%
2020:		/		=	0	%
2019:		/		=	0	%
2018:		/		=	0	%
2017:		/		=	0	%
Is the trend percent for Cost of Goods Sold favorable or unfavorable?					Unfavorable
Trend Percent for Accounts Receivable:
	Numerator:	/	Denominator:
	Analysis period accounts receivable	/	Base year accounts receivable	=	Trend percent
2021:		/		=	0	%
2020:		/		=	0	%
2019:		/		=	0	%
2018:		/		=	0	%
2017:		/		=	0	%
Is the trend percent for Accounts Receivable favorable or unfavorable?					Unfavorable