Exercise 17 3 (Algo) Computing and analyzing trend percents LO P1 2021 2020 2019 2018 2017 Sales $ 691,092 $ 460,728 $ 383,940 $ 255,960 $ 189,600 Cost of goods sold 355,007 236,621 199,109 131,790 96,696 Accounts receivable 33,518 26,999 26,223 14,974 12,950 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

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Question: Exercise 17-3 (Algo) Computing and analyzing trend percents LO P1 2021 2020 2019 2018 2017 Sales $ 691,092 $ 460,728 $ 383,940 $ 255,960 $

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

	2021	2020	2019	2018	2017
Sales	$ 691,092	$ 460,728	$ 383,940	$ 255,960	$ 189,600
Cost of goods sold	355,007	236,621	199,109	131,790	96,696
Accounts receivable	33,518	26,999	26,223	14,974	12,950

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.

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