.exercise 17-3 (Algo) Computing and analyzing trend percents LO P1
2021 2020 2019 2018 2017
Sales $ 533,337 $ 346,323 $ 278,171 $ 189,878 $ 141,700
Cost of goods sold 274,402 178,275 145,167 98,088 72,267
Accounts receivable 25,867 20,295 19,027 11,146 9,692
Compute trend percentages 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 percent appears to be favorable or unfavorable.