Compute trend percentages for the following items taken

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Compute "trend percentages" for the following items taken fromthe financial statements over a five year period. Treat 2003as the base year. State whether the trends are favorable orunfavorable. (Dollars amounts are stated in thousands)                                 

                                                     2007        2006        2005        2004         2003

Sales............................................$81,400    $74,000  $61,500     $59,000   $50,000

Cost of goods sold.......................  58,500      48,000    40,500      37,000     30,000

Reference no: EM13481635

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