The condensed comparative income statement of McCourt Manufacturing Corporation follows.

Required
1. Express the income statement data in trend percentages. Round to the nearest tenth of a percent (three decimal places).
2. Comment on any significant relationships revealed by the percentages.

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McCourt Manufacturing Corporation Comparative Income Statoment For Years Ended December 31, 2011, 2012, 2013 (in thousands) 2011 2012 2013 Net Sales Cost of Goods Sold Gross Profit Operating Expanses: $15,000 $16.350 $17 101 11.709 12040 $ 4,400 4,581$5.061 10,600 $2142 2288 $2437 1.397 5 3,532 3,680 $3834 $ 868 901$1,227 Selling Expenses General Expenses 1,390 1.392 Total Operating Expensed Income Before Income Taxes Income Tax Expense Not Income 808 901 1,227 417 573 595 S 810 295 306