2024 2023 2022 Sales $ 78,000 Cost of goods sold 62,400 $ 70,000 60,900 $ 59,000...

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2024 2023 2022 Sales $ 78,000 Cost of goods sold 62,400 $ 70,000 60,900 $ 59,000 44,100 2021 $ 58,000 35,100 2020 $ 50,000 30,000 Required: Dollar amounts stated are in thousands. a. 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. b. State whether the trends are favorable or unfavorable. Complete this question by entering your answers in the tabs below. Required A Required B Compute trend percentages for the above items taken from the financial statements of Lopez Plumbing over a five-year period. Treat 2020 as the base year. Note: Round your answers to the nearest whole percent. i.e. 1.2345 as 123%. Sales Cost of goods sold 2024 2023 2022 2021 2020 % % % % 100% % % % % 100% < Prev 1 of 1 +++ Next 2024 2023 2022 Sales $ 78,000 Cost of goods sold 62,400 $ 70,000 60,900 $ 59,000 44,100 2021 $ 58,000 35,100 2020 $ 50,000 30,000 Required: Dollar amounts stated are in thousands. a. 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. b. State whether the trends are favorable or unfavorable. Complete this question by entering your answers in the tabs below. Required A Required B Compute trend percentages for the above items taken from the financial statements of Lopez Plumbing over a five-year period. Treat 2020 as the base year. Note: Round your answers to the nearest whole percent. i.e. 1.2345 as 123%. Sales Cost of goods sold 2024 2023 2022 2021 2020 % % % % 100% % % % % 100% < Prev 1 of 1 +++ Next

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To compute the trend percentages for sales and cost of goods sold over a fiveyear period treating 20... View the full answer