Calculate trend percent

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Question - For the following financial statement items, calculate trend percent (%) using 2016 as the base year:

 

2020

2019

2018

2017

2016

Sales

$1,195,400

$1,118,000

$1,049,000

$963,200

$860,000

Cost of Sales

752,400

704,000

671,000

616,700

559,000

Gross Profit

443,000

414,000

378,000

346,500

301,000

Reference no: EM132695083

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