Question: Exercise 13-3 (Algo) Computing and analyzing trend percents LO P1 Sales Cost of goods sold Accounts receivable 2021 $ 658,329 338,198 31,929 2020 $

Exercise 13-3 (Algo) Computing and analyzing trend percents LO P1 Sales Cost of goods sold Accounts receivable 2021 $ 658,329 338,198 31,929 2020 $ 433,111 222,637 25,207 2019 2018 $ 339,695 $ 232,668 176,644 23,303 2017 $ 168,600 119,661 13,611 85,986 11,515 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: = Trend percent % % % % % Is the trend percent for Net Sales favorable or unfavorable? Trend Percent for Cost of Goods Sold: Numerator: Denominator: 2017: Is the trend percent for Net Sales favorable or unfavorable? 2021: 2020: 2019: 2018: Numerator: Trend Percent for Cost of Goods Sold: Denominator: 2017: Is the trend percent for Cost of Goods Sold favorable or unfavorable? Trend Percent for Accounts Receivable: 2021: 2020: 2019: 2018: 2017: Numerator: 1 = # % Trend percent % % % % Denominator: Trend percent % % % % % Is the trend percent for Accounts Receivable favorable or unfavorable?

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