Exercise 13-3 (Algo) Computing and analyzing trend percents LO P1 2021 2020 2019 2018 2017 Sales $ 643,722 $ 423,501 $ 342,916 $ 252,144 $ 185,400 Cost of goods sold 318,024 209,065 171,529 124,901 90,846 Accounts receivable 31,092 24,860 23,490 14,700 12,681 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: Denominator Numerator: Trend percent 96 2021: 2020: 2019: 2018: 2017: Is the trend percent for Net Sales favorable or unfavorable Trend Percent for Cost of Goods. Sold: Denominator Numerator: Trond percent 2021 2020: 2019: 2018: 2017: is the trend percent for Cost of Goods Sold favorable or unfavorable? Trend Percent for Accounts Receivable Denominator Numerator: Trend percent 2021 BE 2020