Compute increases decreases in percents for both years 6

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Reference no: EM13382007

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	_____

Reference no: EM13382007

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