Question: Exercise 17-3 (Algo) Computing and analyzing trend percents LO P1 2021 2020 2019 2018 2017- Sales Cost of goods sold Accounts receivable $ 652,762

Exercise 17-3 (Algo) Computing and analyzing trend percents LO P1 2021 2020

Exercise 17-3 (Algo) Computing and analyzing trend percents LO P1 2021 2020 2019 2018 2017- Sales Cost of goods sold Accounts receivable $ 652,762 335,509 31,528 $432,293 222,069 25,376 $355, 797 184,656 24,301 $242,865 $ 179,900 125,111 14,208 91,749 12,305 Compute trend percents for the above accounts, using 2017 as the base year. For each of the three acco situation as revealed by the trend percents appears to be favorable or unfavorable. 2021: 2020: 2019: 2018: 2017: Trend Percent for Net Sales: Numerator: Denominator: Is the trend percent for Net Sales favorable or unfavorable? 2021: 2020: 2019: Trend Percent for Cost of Goods Sold: Numerator: Denominator: Trend percent L % 96 96 % = Trend percent % % 11. %

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