Question: Exercise 13-3 (Algo) Computing and analyzing trend percents LO P1 Sales Cost of goods sold Accounts receivable 2021 $544,288 269,151 26, 289 2020 $ 358,

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

Cost of goods sold Accounts receivable 2021 $544,288 269,151 26, 289 2020

Exercise 13-3 (Algo) Computing and analyzing trend percents LO P1 Sales Cost of goods sold Accounts receivable 2021 $544,288 269,151 26, 289 2020 $ 358, 084 177,061 2,984 2019 $ 295,937 148,229 20,212 2018 $ 215,227 106,811 12,634 2017 $ 157,100 76,979 1e, 746 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. the base year. For each of the three account as revealed by the trend percents appears to be favorable or unfavorable. Numerator. Trend Percent for Net Sales: 1 Denominator: 1 2021: 1 Trend percent % 2020: 2019: 2018: 2017: Is the trend percent for Net Sales favorable or unfavorable? 1 III 7 % 1 % 11 Numerator. Trend Percent for Cost of Goods Sold: 1 Denominator: Trend percent 2021: 2020: 2019: 9 e 2018: 2017: Is the trend percent for Cost of Goods Sold favorable or unfavorable? % Numerator. Trend Percent for Accounts Receivable: Denominator: 1 Trend percent 2021: 2020: 1 % 2019: 2018: 1 2017: 1 Is the trend percent for Accounts Receivable favorable or unfavorable? % 04

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