Niagra Ltd reported the following financial data over a 5-year period. Required (a) Prepare a trend analysis
Question:
Niagra Ltd reported the following financial data over a 5-year period.
Required
(a) Prepare a trend analysis of the data using 2017 as the base year.
(b) Graph the trends and discuss if the trends signify a favourable or unfavourable situation.
Transcribed Image Text:
2017 2018 2019 2020 Income $798 000 $799 100 $825 200 $837 600 Gross profit 348 000 357 200 362 800 359 800 Other expenses 252 000 264 000 271 400 274200 2021 $856 200 362 000 278 300
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Related Book For
Financial Accounting
ISBN: 9780730363217
10th Edition
Authors: John Hoggett, John Medlin, Keryn Chalmers, Claire Beattie, Andreas Hellmann, Jodie Maxfield
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