Exercise 13 3 (Algo) Computing and analyzing trend percents LO P1 2021 2020 2019 2018 2017 Sales $ 660,209 $ 440,139 $ 347,936 $ 243,312 $ 177,600 Cost of goods sold 345,759 230,422 184,377 127,522 92,352 Accounts receivable 31,954 25,748 23,764 14,185 12,148 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

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Question: Exercise 13-3 (Algo) Computing and analyzing trend percents LO P1 2021 2020 2019 2018 2017 Sales $ 660,209 $ 440,139 $ 347,936 $ 243,312 $

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

	2021	2020	2019	2018	2017
Sales	$ 660,209	$ 440,139	$ 347,936	$ 243,312	$ 177,600
Cost of goods sold	345,759	230,422	184,377	127,522	92,352
Accounts receivable	31,954	25,748	23,764	14,185	12,148

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.

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