Question: Exercise 13-3 (Algo) Computing and analyzing trend percents LO P1 2021 Sales Cost of goods sold Accounts receivable $ 408,103 210,683 19,875 2020 $

Exercise 13-3 (Algo) Computing and analyzing trend percents LO P1 2021 Sales

Exercise 13-3 (Algo) Computing and analyzing trend percents LO P1 2021 Sales Cost of goods sold Accounts receivable $ 408,103 210,683 19,875 2020 $ 270,267 139,336 15,757 2019 $ 213,650 112,212 14,635 2018 2017 $ 145,340 $ 111,800 75,923 57,018 8,488 7,625 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 % % % % % Trend Percent for Cost of Goods Sold: Numerator: Denominator: Trend percent % % 1 % % % Is the trend percent for Cost of Goods Sold favorable or unfavorable? Trend Percent for Accounts Receivable: 2021: 2020: 2019: 2018: 2017: Numerator: Denominator: Trend percent % % % % % Is the trend percent for Accounts Receivable favorable or unfavorable?

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