Exercise 13-3 (Static) Computing and analyzing trend percents LO P1 Sales Cost of goods sold Accounts receivable 2021 $ 282,880 128,200 18,100 2020 $ 270,800 122,080 17,300 2019 $ 252,600 115,280 16,400 2018 $ 234,560 106,440 15,200 2017 $ 150,000 67,000 9,000 Compute trend percents for the above accounts, using 2017 as the base year. Trend Percent for Net Sales: Numerator: / Denominator: Base year net sales / = Trend percent 0 % 2021: $ $ 2020: = 0 % 2019: $ 282,8807 270,8001 252,600 / 234,500/ 1 = 0 % 2018: 0 % 2017: 0 % Trend Percent for Cost of Goods Sold: Denominator: Numerator: / = Trend percent 0 % 2021: / 2020: / II 0 % 2019: / = 0 % 2018: 0 % 2017: / = 0 % Trend Percent for Accounts Receivables: Trend Percent for Accounts Receivables: / Denominator: Numerator: / Trend percent 0 % 2021: / 2020: / = 0 % 2019: 1 = 0 % 2018: = 0 % 2017: 0 %