Question: Using 20x5 as the base year, prepare a trend analysis of the following data, and tell whether the situation shown by the trends is favorable

Using 20x5 as the base year, prepare a trend analysis of the following data, and tell whether the situation shown by the trends is favorable or unfavorable. (Round your answers to one decimalplace.)

Net sales Cost of goods sold General and administrative 20x9 20x8 20x720x6 20x5 $51,040 $47,960 $48,400 $45,760 $44,000 34,440 30,800 31,080 29,400 28,000 expenses Operating income 10,560 10,368 10,176 9,792 9,600 6,040 6,792 7,144 6,568 6,400

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20x7 20x6 20x5 20x4 20x3 Net sales 1160 1090 1100 1040 1000 Cost of goods sold 1230 1100 1110 ... View full answer

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