Exercise 13-3 (Static) Computing and analyzing trend percents LO P1 Sales Cost of goods sold Accounts receivable 2021 $ 282,850 128, 200 18,100 2020 $ 270,800 122,030 17,300 2019 S 252,600 115,280 16,400 2018 $ 234,560 106,440 15,209 2017 S 150, eee 67,000 9,000 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 PercentiorNet Sales: Numerator: 1 Denominator: Analysis period accounts receivable Trend percent 2021: % 2020: 1 96 % % 2019: 1 2018: 2017: Is the trend percent for Net Sales favorable or unfavorable? % Trend Percent for Cost of Goods Sold: Denominator: Numerator: Trend percent 9% % % 2021: 1 2020: 1 2019: 1 2018: 2017: Is the trend percent for Cost of Goods Sold favorable or unfavorable? %6 Numerator: Trend Percent for Accounts Receivable: 1 Denominator: 1 Trend percent 2021: 2020: 1 1 2019: 996 2018: 96 2017: Is the trend percent for Accounts Receivable favorable or unfavorable