Exercise 13-3 Computing and interpreting trend percents LO P1 Sales Cost of goods sold Accounts receivable 2019 2018 2017 2016 2015 $ 402,918 $ 261,635 $ 209,308 $ 152,224 $ 113,600 211,967 137,800 111,990 80,906 59,072 19,582 15,279 14,275 8,859 7,793 Compute trend percents for the above accounts, using 2015 as the base year. Trend Percent for Net Sales: 1 Choose Denominator: Choose Numerator: / Trend percent = = 11 % 1 1 2019: 2018: 2017: 2016: % % % Trend Percent for Cost of Goods Sold: 1 Choose Denominator: Choose Numerator: / 11 Trend percent / = II % 1 % 2019: 2018: 2017: 2016: 1 II 11 % % Choose Numerator: Trend Percent for Accounts Receivables: I Choose Denominator: 1 Trend percent = = / % % 2019: 2018: 2017: 2016: / / = %