Question: Case 3. Financial Statement Analysis (10 marks) Compute net income trend percent analysis using 2018 as the base year and state whether the situation as

Case 3. Financial Statement Analysis (10 marks) Compute net income trend percent analysis using 2018 as the base year and state whether the situation as revealed by the trend percent appears to be favorable or unfavorable. Discuss your findings. 2021 2020 2019 2018 Sales 200,000 150,000 300,000 250,000 Cost of Goods sold 150,000 115,000 150,000 100,000 Operating Expenses 35,000 15,000 50,000 50,000 Net Income (1) (2) (3) (4) Net Income Trend, % (5) (6) (7) Performance Status (Favorable/Unfavorable) (8) (9)

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