Exercise 17-3 (Algo) Computing and analyzing trend percents LO P1

	2021	2020	2019	2018	2017
Sales	$ 612,313	$ 397,606	$ 323,257	$ 230,076	$ 174,300
Cost of goods sold	314,780	204,479	168,261	119,089	88,893
Accounts receivable	29,636	23,260	22,143	13,505	11,887

Compute trend percents (net sales, cost of goods sold, accounts recievable) 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.