Exercise 13-3 (Algo) Computing and analyzing trend percents LO P1 2021 2020 2019 2018 2017 Sales $ 412,124 $ 267,613 $ 219,355 $ 158,379 $ 120,900 Cost of goods sold 212,633 138,083 115,221 82,423 61,659 Accounts receivable 19,947 15,629 15,026 9,233 8,257 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? Trond Percent for Cost of Goods Sold: Denominator: Numerator Trend percent Prey 1 of 1 !!! Next Trend Percent for Cost of Goods Sold: Denominator: Numerator: 11 % % Trend percent % % % % 2021: 1 2020: 2019: 1 2018: 1 2017: Is the trend percent for Cost of Goods Sold favorable or unfavorable? 11 Trend Percent for Accounts Receivable: Denominator Numerator: 11 Trend percent Il % 2021: 2020: % % 1111 % 2019: 2018: 2017: sele % % Is the trend percent for Accounts Recevable favorable or unfavorable? Prex 1 of 1 Next