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Exercise 13-3 (Algo) Computing and analyzing trend percents LO P1 2017 Sales Cost of goods sold Accounts receivable 2021 5 586,398 289,835 28,440 2020 $380,778 188,331 22, 314 2019 $ 307.079 153,669 20,943 2018 $209,610 105,809 12,241 $ 153,000 74,970 10,435 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: Denominator: Numerator: Trend percent % % % 2021: 2020: 2019: 2018: 2017: Is the trend percent for Net Sales favorable or unfavorable? delse % Numerator: Trend Percent for Cost of Goods Soldi Denominator: 1 Trend percent 1 % 1 % 2021: 2020: 2019: 2018: 2017: Is the trend percent for Cost of Goods Sold favorable or unfavorable? Trend Percent for Accounts Receivable: Denominator: Numerator: Trend percent 1 11 % 2021: 2020: 2019: % 2018: 7 2017: Is the trend percent for Accounts Receivable favorable or unfavorable