Exercise 13-3 (Algo) Computing and analyzing trend percents LO P1 2021 2020 2019 2018 2017 Sales $ 584,234 $ 381, 852 $ 297,161 $ 207,081 $ 155,700 Cost of goods sold 294,567 192,726 151,981 104,791 77,850 Accounts receivable 28,394 22,377 20,326 12,156 10,634 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: Numerator: Denominator Trend percent 2021: % 2020 % 2019: % 2018: % 2017: % Is the trend percent for Net Sales favorable or unfavorable? 11 % Trend Percent for Cost of Goods Sold: Denominator: Numerator: 1 1 2021: 2020: 2019: 2018: 2017: Trend percent % % % % % Is the trend percent for Cost of Goods Sold favorable or unfavorable? Numerator Trend Pettent for Accounts Receivable: Denominator 2021: 2020: 2019 2018: 2017: is the trend percent for Accounts Receivable favorable or unfavorable? Trend percent % % % % %