Sapphire Corp. reported the following revenues and net income amounts.
$\begin{array}{llllll}
& \underline{2019} & \underline{2018} & \underline{2017} & \underline{2016} & \underline{2015} \
\text { Revenue } & \$ 728 & \$ 675 & \$ 500 & \$ 485 & \$ 452 \
\text { Cost of goods sold }&650 & 602 & 456 & 403 & 398
\end{array}$ Calculate Sapphire's trend analysis for revenues and cost of goods sold. Use 2015 as the base year, and round to the nearest percent.

Question

Sapphire Corp. reported the following revenues and net income amounts.
 $\begin{array}{llllll}
 & \underline{2019} & \underline{2018} & \underline{2017} & \underline{2016} & \underline{2015} \
\text { Revenue } & \$ 728 & \$ 675 & \$ 500 & \$ 485 & \$ 452 \
 \text { Cost of goods sold }&650 & 602 & 456 & 403 & 398
\end{array}$ Calculate Sapphire's trend analysis for revenues and cost of goods sold. Use 2015 as the base year, and round to the nearest percent.

Quizplus · Accepted Answer

The Answer of Sapphire Corp. reported the following revenues and net income amounts.
 $\begin{array}{llllll}
 & \underline{2019} & \underline{2018} & \underline{2017} & \underline{2016} & \underline{2015} \
\text { Revenue } & \$ 728 & \$ 675 & \$ 500 & \$ 485 & \$ 452 \
 \text { Cost of goods sold }&650 & 602 & 456 & 403 & 398
\end{array}$ Calculate Sapphire's trend analysis for revenues and cost of goods sold. Use 2015 as the base year, and round to the nearest percent.

Sapphire Corp Calculate Sapphire's Trend Analysis for Revenues and Cost of Goods