Comparative statements for Kool Corporation are shown below:

Calculate trend percentages for all income statement amounts shown and comment on the results. Use 2010 as the base year. Comment on the results.

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Sales. Cost of goods sold. Gross profit. Operating expenses Operating income Kool Corporation Comparative Income Statements For the years ended December 31 2012 $14,800 8,225 6,575 3,664 $ 2,911 2011 $13,229 8,661 4,568 3,576 992 2010 $13,994 8,375 5,619 3.487 $ 2.132 Sales. Cost of goods sold. Gross profit. Operating expenses Operating income Kool Corporation Comparative Income Statements For the years ended December 31 2012 $14,800 8,225 6,575 3,664 $ 2,911 2011 $13,229 8,661 4,568 3,576 992 2010 $13,994 8,375 5,619 3.487 $ 2.132

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Horngren 2012 asserts to the reality that when computing the trend percentages for the two fiscal periods the base year will remain unchanged In all t... View the full answer