Explain the trend are favorable or unfavorable for each item

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The following items were taken from the financial statements of Kramer Manufacturing, Inc., over a three-year period:

Item                                    2018,                  2017,                 2016

Net Sales                    $226,000               $212,000       $200,000
Cost of Goods Sold          150,000                140,000       125,000
Gross Profit                    $ 76,000             $ 72,000         $ 75,000

Question 1: Using horizontal analysis and 2016 as the base year. Explain whether the trends are favorable or unfavorable for each item.

Reference no: EM132591394

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