Exercise 13-3 (Algo) Computing and analyzing trend percents LO P1 2021 2020 Sales 2019 2018 2017 $ 578,096 $375,387 $ 310,237 Cost of goods sold $ 210,330 $ 155,800 291,498 189,394 158,319 106,665 77,900 Accounts receivable 27,922 21,923 21,220 12,325 10,672 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. Numerator: Trend Percent for Not Sales: Denominator os Trend percent 2021: 2020: 2019: 2018: 2017: is the trend percent for Not Sales favorable or unfavorable? % % % % % Trend Percent for Cont of Goods Sold: Denominator: Numerator: Trend percent % 2021: 2020: 2019: 2018: % % % Trend Percent for Cost of Goods Sold: Denominator: Numerator: Trend percent 2021: % 2020: % 2019: % 2018: % 2017: Is the trend percent for Cost of Goods Sold favorable or unfavorable? s Trend Percent for Accounts Receivable: Denominator: Numerator: Trend percent 2021: III 11 2020: 2019: % % +% % 2018: II 11 % 2017: Is the trend percent for Accounts Receivable favorable or unfavorable