Exercise 229 The following items were taken from the financial statements of St. Johns, Inc., over a four-year period Item Net Sales Cost of Goods Sold520,000 480,000 435,000 400,000 Gross Profit 2018 2017 2016 2015 $655,000 $640,000 $575,000 $500,000 $135,000 $160,000 $140,000 $100,000 Using horizontal analysis and 2015 as the base year, compute the trend percentages for net sales, cost of goods sold, and gross profit. (Round answers to O decimal places, eg. 114%) Item Net Sales Cost of Goods Sold Gross Profit 2018 2017 2016 2015