Question: Your answer is incorrect. Try again The following items were taken from the financial statements of St. Johns, Inc., over a four-year period: Item Net

Your answer is incorrect. Try again The following items were taken

Your answer is incorrect. Try again The following items were taken from the financial statements of St. Johns, Inc., over a four-year period: Item Net Sales Cost of Goods Sold 520,000 480,000 435,000 400,000 Gross Profit 2018 2017 2016 2015 $655,000 $640,000 $575,000 $500,000 $135,000 $160,000 $140,000 $100,000 Using horizontal analysis and 2015 as the base year, compute the trend percentages for net sales, cost of goods sold, and gross profit. (Round answers to 0 decimal places, eg. 11496) Item Net Sales 2018 2017 2016 2015 Cost of Goods Sold 8.75 % Gross Profit Click if you would like to Show Work for this question: Open Show Work

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