Question: 2 0 2 4 2 0 2 3 2 0 2 2 2 0 2 1 2 0 2 0 Sales$ 8 2 , 0

20242023202220212020Sales$ 82,000$ 76,000$ 62,000$ 56,000$ 50,000Cost of goods sold59,40054,30048,90043,50030,000
Required:
Dollar amounts stated are in thousands.
Compute trend percentages for the following items taken from the financial statements of Lopez Plumbing over a five-year period. Treat 2020 as the base year.State whether the trends are favorable or unfavorable.

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