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

	2021	2020	2019	2018	2017
Sales	$ 595,623	$ 391,857	$ 307,339	$ 220,315	$ 158,500
Cost of goods sold	288,349	189,591	150,923	107,201	76,080
Accounts receivable	28,888	22,845	21,053	12,888	10,810

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.

Exercise 17-3 (Algo) Computing and analyzing trend percents LO P1 2021 2020 2019 2018 2017 Sales $ 595,623 288,349 Cost of goods sold. $ 391,857 189,591 22,845 $ 307,339 $ 220,315 $ 158,500 150,923 21,053 107,201 76,080 Accounts receivable 28,888 12,888 10,810 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 Percent for Net Sales: Numerator: 1 Denominator: Base year accounts receivable 1 Trend percent 2021: 1 2020: / 2019: / 2018: / 2017: 1 Is the trend percent for Net Sales favorable or unfavorable? Trend Percent for Cost of Goods Sold: Numerator: 1 Denominator: / 2021: 1 2020: T 2019: / 2018: / 2017: / Is the trend percent for Cost of Goods Sold favorable or unfavorable? Trend Percent for Accounts Receivable: Numerator: 1 Denominator: / 2021: 1 2020: / 2019: / 2018: / 2017: / Is the trend percent for Accounts Receivable favorable or unfavorable? = = = = = = = = = = A 0% 0 % 0% 0% 0% Trend percent 0 % 0 % 0 % 0% 0% Trend percent 0 % 0 % 0 % 0% 0%