Compute increases decreases in percents for both years six

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Compute increases (decreases) in percents for both Years six and seven by entering all the missing data in the table below. Examine 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

_____

Reference no: EM13478312

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