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Exercise 13-3 (Algo) Computing and analyzing trend percents LO P1 2017 2021 2020 2019 2011 Sales $ 629,723 5.419.815 $ 330,563 $ 235,276 Cost of goods sold $ 179,600 323,659 235,750 171,787 121,401 91,596 Accounts receivable 30,416 24,601 22,577 1),693 12,267 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 05 Trend Percent for Net Sales: Numerator: Denominator Base year net sales 2021 2020 2019 2018 2017 is the trend percent for Net Sales tvorable or unfavoratie? ol 01 0 ol Trend Percent for Cost of Goods Sold: Denominator Numerator: Trend porcent 2021 2020 Trend Percent for Net Sales Denominator: Trend percent 0 % 0 % Numerator: Base year net sales 2021: 2020: 2019 2018 2017: 0 0 % 0 % Is the trend percent for Net Sales favorable or unfavorable Trend Percent for Cost of Goods Sold: Denominator: Numerator: Trend percent 0 % 0 1 2021 2020 2019 2018: 2017 Is the trend percent for Cost of Goods Sold favorable or unfavorable? 0 % 0 % 0 % Trend Percent for Accounts Receivable: Denominator Numerator Trend percent 0% 09 2021 2020 Trend Percent for Cost of Goods Sold: Denominator: Numerator: 2021: 2020 2019 Trond percent 019 0 % 0 % 0 % 2018 2017: Is the trend percent for Cost of Goods Sold favorable or unfavorable? 0 % Trend Percent for Accounts Receivable: Denominator: Numerator: Trend percent OS 09 2021 2020 2019 2018 2017: Is the trend percent for Accounts Receivable favorable or unfavorable? 0 % 0 % 015