Exercise 13-3 (Algo) Computing and analyzing trend percents LO P1 Sales Cost of goods sold Accounts receivable 2021 $442,141 228,092 21,488 2020 $ 290,882 150,000 17,017 2019 $240,398 2018 $165,792 2017 $ 125,600 126,053 16,419 86,404 64,056 9,699 8,591 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 2021: 2020: 2019: 2018: 2017: Is the trend percent for Net Sales favorable or unfavorable? Trend percent % % ces 2021: 2020: 2019: 2018: 2017: Numerator: Trend Percent for Cost of Goods Sold: Denominator: Is the trend percent for Cost of Goods Sold favorable or unfavorable? Trend Percent for Accounts Receivable: 2021: 2020: 2019: 2018: 2017: Numerator: 1 1 Trend percent % % % % %6 Denominator: Trend percent %6 96 % te the trand narrant for Arenante Rarpiushia faunrahia nr unfavorable