Exercise 16-2 Trend Analysis

Using 2010 as the base year, prepare a trend analysis of the data that follow. If required, round your answers to one decimal place.

2014 2013 2012 2011 2010 Net sales $51,040 $47,960 $48,400 $45,760 $44,000 Cost of goods sold 34,440 30,800 31,080 29,400 28,000 General and administrative expenses 10,560 10,368 10,176 9,792 9,600 Operating income 6,040 6,792 7,144 6,568 6,400