For the following financial statement items, calculate trend percentages using 2016 as the base year:
$\begin{array}{|l|c|c|c|c|c|}
\hline \text { Sales. } & |\$ 1,195,400| & |\$ 1,118,000| & |\$ 1,049,000| & \$ 963,200 & \$ 860,000 \
\hline \text { Cost of sales................ } & 752,400 & 704,000 & 671,000 & 616,700 & 559,000 \
\hline \text { Gross profit } & \$ 443,000 & \$ 414,000 & \$ 378,000 &\$346,500 &\$301,000 \
\hline
\end{array}$

Question

For the following financial statement items, calculate trend percentages using 2016 as the base year:
 $\begin{array}{|l|c|c|c|c|c|}
\hline \text { Sales. } & |\$ 1,195,400| & |\$ 1,118,000| & |\$ 1,049,000| & \$ 963,200 & \$ 860,000 \
\hline \text { Cost of sales................ } & 752,400 & 704,000 & 671,000 & 616,700 & 559,000 \
\hline \text { Gross profit } & \$ 443,000 & \$ 414,000 & \$ 378,000 &\$346,500 &\$301,000 \
\hline
\end{array}$

Quizplus · Accepted Answer

The Answer of For the following financial statement items, calculate trend percentages using 2016 as the base year:
 $\begin{array}{|l|c|c|c|c|c|}
\hline \text { Sales. } & |\$ 1,195,400| & |\$ 1,118,000| & |\$ 1,049,000| & \$ 963,200 & \$ 860,000 \
\hline \text { Cost of sales................ } & 752,400 & 704,000 & 671,000 & 616,700 & 559,000 \
\hline \text { Gross profit } & \$ 443,000 & \$ 414,000 & \$ 378,000 &\$346,500 &\$301,000 \
\hline
\end{array}$

For the Following Financial Statement Items, Calculate Trend Percentages Using