Exercise 13-3 (Algo) Computing and analyzing trend percents LO P1 Sales Cost of goods sold Accounts receivable 2021 $ 630,733 317,767 30,717 2020 $414,956 209,228 24,316 2019 $ 344,362 175,281 23,520 2018 $ 252,280 127,690 14,784 2017 $ 185,500 92,750 12,688 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: Numerator: Denominator: Base year net sales Trend percent 2021: $ 2020:$ 2019: $ 2018: $ 2017: $ 630,733 / 414,956/ 344,362/ 252,280/ 185,500/ 0% 0% 0% 0% 0% Is the trend percent for Net Sales favorable or unfavorable? Favorable Trend Percent for Cost of Goods Sold: Numerator: Denominator: Trend percent 2021 $ 2020: $ 317,767/ 0% 209,228/ 0%