Question: Exercise 13-3 (Algo) Computing and analyzing trend percents LO P1 2021 Sales Cost of goods sold Accounts receivable $ 425,064 210,831 20,616 2020 $

Exercise 13-3 (Algo) Computing and analyzing trend percents LO P1 2021 Sales Cost of goods sold Accounts receivable $ 425,064 210,831 20,616 2020 $

Exercise 13-3 (Algo) Computing and analyzing trend percents LO P1 2021 Sales Cost of goods sold Accounts receivable $ 425,064 210,831 20,616 2020 $ 283,376 140,604 16,549 2019 $231,327 116,800 15,800 2018 $ 160,644 80,266 9,398 2017 $ 121,700 59,633 8,349 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: Numerator: Trend Percent for Net Sales: 1 1 1 Denominator: = Trend percent = % = % % % do do % Is the trend percent for Net Sales favorable or unfavorable? Trend Percent for Cost of Goods Sold: 2021: 2020: 2019: 2018: 2017: Numerator: 1 I 1 Denominator: Is the trend percent for Cost of Goods Sold favorable or unfavorable? Trend Percent for Accounts Receivable: = Trend percent = % % % do do % % Numerator: Denominator: 2021: I I = Trend percent = % 2020: 1 % 2019: % 2018: % 2017: 1 == % Is the trend percent for Accounts Receivable favorable or unfavorable?

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