Question: Don Williams received a memo requesting that he complete a trend analysis of the following numbers using 2018 as the base year. 2021 2020 2019

Don Williams received a memo requesting that he complete a trend analysis of the following numbers using 2018 as the base year.

2021 2020 2019 2018
Sales $ 390,000 $ 450,000 $ 470,000 $ 550,000
Gross profit 230,000 290,000 390,000 450,000
Net income 75,000 95,000 45,000 55,000

Could you help Don with the request? (Round your answers to the nearest whole percent.)

2021 2020 2019 2018
Sales % % % 100 %
Gross profit % % % 100 %
Net income % % % 100 %

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!