Exercise 13-3 (Algo) Computing and analyzing trend percents LO P1 2021 2020 2019 Sales 2011 3 398,565 260,500 5209,237 5 153,851 $ 112,300 2017 cont of goods sold 205,668 134, 405 209,761 80,264 57,273 Accounts receivable 19,410 15,211 14.333 8,985 7,681 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 0 % 0 % 01% 2021 $ 398,565) 2020 $ 260,500 2019 $ 209,237 2018: S 153,851 / 2017: $ 112,300 is the trend percent for Net Sales favorable or unfavorable? 0 % 0 % Trend Percent for Cost of Goods Sold Denominator Numarator Trend percent 0% 2021 2020: is the trend percent for Nelle favorable or unfavorable? Tiend Percent for Cost of Good Bold Denominator Numero Trend percent % 2021: 1 2020 7 2019: 2018 2017: Is the trend percent for Cost of Goods Sold favorable or unfavorable? oooo 0 % 05 0 % The Parent for Accounts Receivabi Denominator: Numerator 2021: 2020 Trend percent 0 % 0 % 0 % ON 09 2019: 2018: 2017 is the trend percent for Accounts Receivable favorable or unfavorable