Compute increases (decreases) in percents for both Years 6 and 7 by entering all the missing data in the table below. Analyze and interpret any significant results revealed from this trend analysis.

YEAR 7 |
YEAR 6 |
YEAR 5 |
|||

Statement Item |
Index No. |
Change in Percent |
Index No. |
Change in Percent |
Index No. |

Net sales |
_____ |
29% |
100 |
_____% |
90 |

Cost of goods sold |
139 |
_____ |
100 |
_____ |
85 |

Gross profit |
126 |
_____ |
100 |
_____ |
80 |

Operating expenses |
_____ |
20 |
100 |
_____ |
65 |

Income before tax |
_____ |
14 |
100 |
_____ |
70 |

Net income |
129 |
_____ |
100 |
_____ |

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