Question: Exercise 13-3 (Algo) Computing and analyzing trend percents LO P1 Sales Cost of goods sold Accounts receivable 2021 $416,279 202,214 20, 190 Numerator: 2020 $

Exercise 13-3 (Algo) Computing and analyzing trend percents LO P1 Sales Cost of goods sold Accounts receivable 2021 $416,279 202,214 20, 190 Numerator: 2020 $ 273,868 133,257 16,021 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: 2021: 2020: 2019: 2018: 2017: Is the trend percent for Net Sales favorable or unfavorable? 7 V 2019 $ 215,644 106, 709 14,815 1 1 2018 $ 158,562 77,610 9,228 Denominator: || |||| 2017 $ 114,900 55,152 7,871 || Trend percent % % % % %

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