Question: Exercise 13-3 (Algo) Computing and analyzing trend percents LO P1 Sales 2021 $ 397,949 2020 $265,299 2019 $208,078 Cost of goods sold. Accounts receivable

Exercise 13-3 (Algo) Computing and analyzing trend percents LO P1 Sales 2021 $ 397,949 2020 $265,299 2019 $208,078 Cost of goods sold. Accounts receivable

Exercise 13-3 (Algo) Computing and analyzing trend percents LO P1 Sales 2021 $ 397,949 2020 $265,299 2019 $208,078 Cost of goods sold. Accounts receivable 193,566 19,221 129,044 15,520 103,327 14,274 2018 $150,781 73,425 8,836 2017 $ 115,100 55,248 7,850 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: Is the trend percent for Net Sales favorable or unfavorable? 2021: 2020: 2019: 2018: " Trend percent % % % Trend Percent for Cost of Goods Sold: Numerator: Denominator: Trend percent % % % % % 2017: Is the trend percent for Cost of Goods Sold favorable or unfavorable?

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