Exercise 13-3 (Algo) Computing and analyzing trend percents LO P1 Sales Cost of goods sold Accounts receivable 2021 $ 496,254 255,640 23,969 2020 $ 320,164 164,934 18,698 2019 $ 255,111 133,507 17,526 2018 $182,875 94,866 10,643 2017 $ 137,500 70,125 9,419 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. ces 2021: 2020: 2019: 2018: 2017: Trend Percent for Net Sales: Numerator: Denominator: = Trend percent % 1 1 Is the trend percent for Net Sales favorable or unfavorable? Trend Percent for Cost of Goods Sold: % Is the trend percent for Net Sales favorable or unfavorable? 2021: 2020: 2019: 2018: Numerator: Trend Percent for Cost of Goods Sold: Denominator: Trend percent % de de % % 2017: Is the trend percent for Cost of Goods Sold favorable or unfavorable? Trend Percent for Accounts Receivable: 2021: 2020: 2019: 2018: 2017: Numerator: Denominator: Is the trend percent for Accounts Receivable favorable or unfavorable? Trend percent % % = % % % %