Exercise 13-3 Computing and interpreting trend percents LO P1 Sales Cost of goods sold Accounts receivable 2019 2018 2017 2016 2015 $ 554,389 $ 359,993 $ 286, 847 $ 192,515 $ 138,500 285, 238 185, 246 149, 492 100,133 70,635 26,832 20,952 19,563 11,243 9,473 Compute trend percents for the above accounts, using 2015 as the base year. Trend Percent for Net Sales: Choose Numerator: | Choose Denominator: 7 Trend percent 2019: 1 % 2018: 1 % 2017: 1 = % 2016: 1 % Trend Percent for Cost of Goods Sold: 1 Choose Denominator: Choose Numerator: 7 = Trend percent 2019: / % 2018: 1 % % 2017: 1 2016: 7 = % Trend Percent for Accounts Receivables: 1 Choose Denominator: Choose Numerator: / Trend percent 2019: / % 2018: / % 2017: / % 2016: 1 %