Reference no: EM132495562
The following table shows selected data for Wong Corporation for the past five years ended December 31, 2014:
2018 2017 2016 2015 2014
Net sales $19,500 $17,400 $18,200 $16,500 $14,900
Cost of goods sold 9,500 10,300 9,500 8,900 8,000
Inventory 13,000 12,200 8,700 9,500 9,300
Net accounts receivable 7,500 6,800 7,200 7,000 6,500
Required:
Question 1: an analysis showing the trend percentages for the four years 2015-2018, using 2015 as the base year.