Exercise 17-3 Computing and interpreting trend percents LO P1 Sales Cost of goods sold Accounts receivable 2019 2018 2017 2016 2015 $ 464,617 $ 305,669 $ 253, 667 $ 179,270 $ 137,900 234,859 154,435 130,234 90,885 68,950 22,627 17,821 17,402 10,487 9,419 Compute trend percents for the above accounts, using 2015 as the base year. Trend Percent for Net Sales: 1 Choose Denominator: Choose Numerator: 1 Trend percent 2019: % 2018: = % 2017: % 2016: % Trend Percent for Cost of Goods Sold: 1 Choose Denominator: Choose Numerator: = Trend percent 2019: = % 2018: / = % 2017: % 2016: % Trend Percent for Cost of Goods Sold: 1 Choose Denominator: Choose Numerator: / 11 Trend percent II % % 2019: 2018: 2017: 2016: 11 % = % Trend Percent for Accounts Receivables: 1 Choose Denominator: Choose Numerator: II Trend percent 2019: / % 2018: = % 2017: II % 2016: II %