PLEASE ANSWER ALL

LOGIC COMPANY Comparative Income Statement For Years Ended December 31, 2014 and 2015
	2015		2014
Gross sales	$	23,400	$	18,300
Sales returns and allowances		900		100
Net sales	$	22,500	$	18,200
Cost of merchandise (goods) sold		10,900		7,400
Gross profit	$	11,600	$	10,800
Operating expenses:
Depreciation	$	1,140	$	820
Selling and administrative		5,500		4,200
Research		990		720
Miscellaneous		800		520
Total operating expenses	$	8,430	$	6,260
Income before interest and taxes	$	3,170	$	4,540
Interest expense		1,000		720
Income before taxes	$	2,170	$	3,820
Provision for taxes		868		1,528
Net income	$	1,302	$	2,292

LOGIC COMPANY Comparative Balance Sheet December 31, 2014 and 2015
	2015		2014
Assets
Current assets:
Cash	$	11,400	$	8,300
Accounts receivable		15,800		11,800
Merchandise inventory		7,800		13,300
Prepaid expenses		23,300		9,300
Total current assets	$	58,300	$	42,700
Plant and equipment:
Building (net)	$	13,800	$	10,300
Land		12,800		8,300
Total plant and equipment	$	26,600	$	18,600
Total assets	$	84,900	$	61,300
Liabilities
Current liabilities:
Accounts payable	$	12,300	$	6,300
Salaries payable		6,300		4,300
Total current liabilities	$	18,600	$	10,600
Long-term liabilities:
Mortgage note payable		21,300		19,800
Total liabilities	$	39,900	$	30,400
Stockholders Equity
Common stock	$	20,300	$	20,300
Retained earnings		24,700		10,600
Total stockholders equity	$	45,000	$	30,900
Total liabilities and stockholders equity	$	84,900	$	61,300

Calculate net income (after tax) to the net sales. (Round your answers to the nearest hundredth.)

	2015	2014
Net income

b.

Assume figures were presented for the past 5 years on merchandise sold at Chicago department and discount stores ($ million). Sales in 2016 were $3,414; in 2015, $3,674; in 2014, $2,948; in 2013, $3,412; and in 2012, $3,476. Using 2012 as the base year, complete a trend analysis. (Round your answers to the nearest whole percent.

sales trend percent

2012=

2013=

2014=

2015=

2016=