QS 17-4 Trend percents LO P1 The following information is for Tide Corporation 2017 ($thousands) Net sales 2016 $504,640 $304,000 Cost of goods sold 247,274 89,984 Use the following information for Tide Corporation to determine the 2016 and 2017 trend percents for net sales using 2016 as the base year Trend Percent for Net Sales: Choose Numerator: Choose Denominator: Analysis period net sales / Base year net sales Trend Percent 2017: 01% 2016 01%