Question: Using 2008 as the base year, prepare a trend analysis of the following data, and tell whether the situation shown by trends is favorable or

Using 2008 as the base year, prepare a trend analysis of the following data, and tell whether the situation shown by trends is favorable or unfavorable.

2012 20 2010 2009 2008 Net sales Cost of goods sold $25,520 $23,980 $24,200 S22,880 $22,000 17,220 15,400 15,540 14,700 14,000 General and administrative 5,280 5,184 5,088 4,896 4,800 expenses Operating income 3,020 3,396 3,572 3,284 3,200

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