Perform an index number trend analysis for all the reported items. Using the year 2017 as the baseyear.

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(In billions, except per share data) Net Sales Gross Profit Operating Income Net Income Restructuring charge (after tax) Net Income before restructuring Op Income before restructuring Total Assets Total Liabilities Long Term Debt Shareholder' Equity Treasury Stock at cost Basic Earnings per share Cash Dividends per share Closing Stock Price Shares Outstanding (billions) 2022 2021 2020 2019 2018 21.25 20..75 19.25 19.95 18.50 6.15 7.38 7.27 6.68 6.60 2.44 2.90 3.07 2.64 2.75 1.59 1.69 1.82 0.29 0.00 0.09 0.05 0.10 1.88 1.84 1.98 1.74 2.73 2.90 3.16 2.69 1.84 1.88 1.92 2.84 19.38 19.17 17.87 16.67 16.95 13.85 13.25 12.47 12.80 11.73 5.43 5.12 4.79 4.88 4.39 5.53 5.92 5.41 3.88 5.22 2.11 4.73 4.09 4.29 3.81 4.05 4.50 4.55 4.10 4.15 2.76 2.58 2.38 2.27 2.08 73.56 63.04 63.71 52.74 69.34 0.40 0.41 0.42 0.41 0.42 (In billions, except per share data) Net Sales Gross Profit Operating Income Net Income Restructuring charge (after tax) Net Income before restructuring Op Income before restructuring Total Assets Total Liabilities Long Term Debt Shareholder' Equity Treasury Stock at cost Basic Earnings per share Cash Dividends per share Closing Stock Price Shares Outstanding (billions) 2022 2021 2020 2019 2018 21.25 20..75 19.25 19.95 18.50 6.15 7.38 7.27 6.68 6.60 2.44 2.90 3.07 2.64 2.75 1.59 1.69 1.82 0.29 0.00 0.09 0.05 0.10 1.88 1.84 1.98 1.74 2.73 2.90 3.16 2.69 1.84 1.88 1.92 2.84 19.38 19.17 17.87 16.67 16.95 13.85 13.25 12.47 12.80 11.73 5.43 5.12 4.79 4.88 4.39 5.53 5.92 5.41 3.88 5.22 2.11 4.73 4.09 4.29 3.81 4.05 4.50 4.55 4.10 4.15 2.76 2.58 2.38 2.27 2.08 73.56 63.04 63.71 52.74 69.34 0.40 0.41 0.42 0.41 0.42

Answer rating: 100% (QA)

Revenue and Profitability Net Sales Net sales have increased steadily since 2017 with a 148 increase in 2022 compared to 2017 This suggests that the c... View the full answer