Question: 1). Explain the trend in Net Sales 2). Explain the trend in Cost of Goods Sold The following items were taken from the financial statements

1). Explain the trend in Net Sales

2). Explain the trend in Cost of Goods Sold

The following items were taken from the financial statements of Ritz, Inc., over a four-year period. Using horizontal analysis and 2019 as the base year, compute the trend percentages for net sales, cost of goods sold, and gross profit. Explain whether the trends are favorable or unfavorable for each item

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