Question: Exercise 13-3 (Algo) Computing and analyzing trend percents LO P1 Sales Cost of goods sold Accounts receivable 2021 $ 553,880 284,979 26,808 2020 $

Exercise 13-3 (Algo) Computing and analyzing trend percents LO P1 Sales Cost of goods sold Accounts receivable 2021 $ 553,880 284,979 26,808 2020 $

Exercise 13-3 (Algo) Computing and analyzing trend percents LO P1 Sales Cost of goods sold Accounts receivable 2021 $ 553,880 284,979 26,808 2020 $ 366,808 188,672 21,458 2019 $ 303,147 157,905 20,675 2018 $ 207,635 107,444 12,188 2017 $ 158,500 80,835 10,857 Compute trend percents for the above accounts, using 2017 as the base year. For each of the three acce 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: = Trend percent == % / % = % Is the trend percent for Net Sales favorable or unfavorable? C = Prev 1 of 1 Next Closinngpaparewor... W Connect Tablet App..... Question 1-Ch 13... y %

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