exercise 17 3 (Algo) Computing and analyzing trend percents LO P1 2021 2020 2019 2018 2017 Sales $ 533,337 $ 346,323 $ 278,171 $ 189,878 $ 141,700 Cost of goods sold 274,402 178,275 145,167 98,088 72,267 Accounts receivable 25,867 20,295 19,027 11,146 9,692 Compute trend percentages 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 percent appears to be favorable or unfavorable

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Question: exercise 17-3 (Algo) Computing and analyzing trend percents LO P1 2021 2020 2019 2018 2017 Sales $ 533,337 $ 346,323 $ 278,171 $ 189,878 $

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

	2021	2020	2019	2018	2017
Sales	$ 533,337	$ 346,323	$ 278,171	$ 189,878	$ 141,700
Cost of goods sold	274,402	178,275	145,167	98,088	72,267
Accounts receivable	25,867	20,295	19,027	11,146	9,692

Compute trend percentages 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 percent appears to be favorable or unfavorable.

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