Exercise 13-3 (Algo) Computing and analyzing trend percents LO P1 Sales Cost of goods sold Accounts receivable 2021 $ 509,463 246,992 24,760 2020 $ 335,173 162,383 19,507 2019 $ 269, 215 132,373 18,441 2018 $ 188,923 92,383 11,052 2017 $ 137,900 66,192 9,446 Compute trend percents for the above accounts, using 2017 as the base year. Numerator: Trend percent Trend Percent for Net Sales: 1 Denominator: 1 1 1 1 % II 2021: 2020: 2019: 2018: 2017: % = % 1 % Numerator: = Trend percent Trend Percent for Cost of Goods Sold: Denominator: 1 1 1 1 = % 2021: 2020: 2019 2018: 2017: = % / 11 % % Numerator: = Trend percent Trend Percent for Accounts Receivables: 1 Denominator: 1 1 1 1 1 = % 11 2021: 2020: 2019: 2018: 2017: % = % = %