Selected comparative financial statements of Tripoly Company follow. Required 1. Compute trend percents for all components of
Question:
Selected comparative financial statements of Tripoly Company follow.
Required
1. Compute trend percents for all components of both statements using 2014 as the base year. Round percents to one decimal. Analysis Component
2. Analyze and comment on the financial statements and trend percents from part 1.
Transcribed Image Text:
TRIPOLY COMPANY Comparative Income Statements For Years Ended December 31 $ thousands 2020 2019 2018 2017 2016 2015 2014 Sales $560 $610 $630 $680 $740 $770 $860 Cost of goods sold 276 290 294 314 340 350 380 Gross profit.. 284 420 480 320 336 366 400 Operating expenses.. 84 104 112 126 140 144 150 Net income $200 $216 $224 $240 $260 $276 $330
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Related Book For
Financial Accounting Information For Decisions
ISBN: 9781260705584
10th Edition
Authors: John J. Wild
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