Question: Prepare a trend analysis of the following data using Year 1 as the base year. Place your answers in the chart provided. Comment on the
Prepare a trend analysis of the following data using Year 1 as the base year. Place your answers in the chart provided. Comment on the trend.
| Year 3 | Year 2 | Year 1 | |
| Net sales | $108,000 | $110,000 | $100,000 |
| Gross margin | 61,040 | 58,800 | 56,000 |
| Net income | 9,600 | 10,800 | 10,000 |
| Year 3 | Year 2 | Year 1 | |
| Net sales | |||
| Gross margin | |||
| Net income | |||
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