Exercise 13-3 (Algo) Computing and analyzing trend percents LO P1 2021 Sales Cost of goods sold Accounts receivable $ 615,484 310,292 29,666 2020 $ 399,665 201,333 23,300 2019 $ 321,016 163,608 21,925 2018 2017 $ 218,378 $ 159,400 110,889 12,753 79,700 10,919 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. 2021: 2020: 2019: 2018: 2017: Trend Percent for Net Sales: Numerator: Denominator: ' 1 Is the trend percent for Net Sales favorable or unfavorable? 2021: 2020: 2019: 2018: 2017: Trend Percent for Cost of Goods Sold: Numerator: Denominator: = Trend percent % a % % % % Trend percent % % % % % 2020: 2019: 2018: 2017: Is the trend percent for Net Sales favorable or unfavorable? Trend Percent for Cost of Goods Sold: 2021: 2020: 2019: 2018: 2017: Numerator: / / 1 / ' Denominator: Is the trend percent for Cost of Goods Sold favorable or unfavorable? Trend Percent for Accounts Receivable: 2021: 2020: 2019: 2018: 2017: Numerator: = = = = % % % % de de de de Trend percent % % % % Denominator: Trend percent % % % % % Is the trend percent for Accounts Receivable favorable or unfavorable