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Exercise 13-3 (Algo) Computing and analyzing trend percents LO P1 Sales Cost of goods sold Accounts receivable 2021 $ 598,456 301,778 29,085 2020 $ 393,721 198, 611 22,915 2019 $ 312,477 159,689 21,373 2018 $ 220,832 112,416 12,875 2017 $ 164,800 82,400 11,272 Compute trend percents for the above accounts, using 2017 as the base year. Trend Percent for Net Sales: 1 Denominator: Numerator: Trend percent 1 1 2021: % 2020: 1 % 2019: / % / % 2018: 2017: 1 % Trend Percent for Cost of Goods Sold: 1 Denominator: Numerator: / Trend percent 1 % 2021: 2020: 2019: 1 = % 1 % 2018: 1 % 2017: 1 % Trend Percent for Accounts Receivables: 1 Denominator: Numerator: 1 Trend percent 2021: / % 2020: 1 % 1 = % 2019: 2018: 2017: 11111111 1 % 1 %
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