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Exercise 13-3 (Algo) Computing and analyzing trend percents LO P1 2021 2020 2019 2018 2017 Sales $ 780,379 $ 513,407 $ 397,990 $ 269,824 $ 198,400 Cost of goods sold 408,347 268,572 210,255 142,988 103,168 Accounts receivable 37,926 30,034 27,223 15,731 13,551 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. Numerator: Trend Percent for Net Sales Denominator Trend percent % % 2021: 2020: 2019: 2018: 2017: Is the trend percent for Net Sales favorable or unfavorable? % % Trend Percent for Cost of Goods Sold: Denominator: Numerator: Trond percent 2021: 2020: % % 1 Trend Percent for Cost of Goods Sold: Denominator: Numerator: Trend percent 1 % 2021: 2020: H11 / % 2019: % 2018: 1 % % 2017: Is the trend percent for Cost of Goods Sold favorable or unfavorable? Trend Porcent for Accounts Receivable: Numerator: Denominator: Trend percent 2021: % 1 2020: 2019: ! II % % % % 2018: 1111 2017: Is the trend percent for Accounts Receivable favorable or unfavorable