Exercise 13-3 (Algo) Computing and analyzing trend percents LO P1 2021 2020 2019 2018 2017 Sales $ 573,934 $ 377,588 $ 308, 235 $ 217,067 $ 165, 700 Cost of goods sold 295, 156 194,170 160,650 112,454 84,507 Accounts receivable 27,721 22,089 21,052 12,742 11,301 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: 1 Denominator: Numerator: Trend percent 1 2021: 2020: % 1 % 2019: %6 2018: 2017: Is the trend percent for Net Sales favorable or unfavorable? % % Trend Percent for Cost of Goods Sold: Denominator: Numerator: Trend percent 96 2021: 1 2020: 1 2019: 2018: 1 2017: 1 Is the trend percent for Cost of Goods Sold favorable or unfavorable? % % % % 2018: H11 2017: % Is the trend percent for Net Sales favorable or unfavorable? Numerator: Trend Percent for Cost of Goods Sold: Denominator: 7 / Trend percent % 2021: 2020: de 2019: % % 2018 2017: is the trend percent for Cost of Goods Sold favorable or unfavorable? % Trend Percent for Accounts Receivable: Denominator: Numerator: Trend percent % % 2021: 2020: 1 2019: 1 2018: 1 2017: Is the trend percent for Accounts Receivable favorable or unfavorable? % % %