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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
Change in
Percent
Net sales
_____
29%
100
_____%
90
Cost of goods sold
139
85
Gross profit
126
80
Operating expenses
20
65
Income before tax
14
70
Net income
129
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