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 decimal place.)

Net sales Cost of goods sold General and administrative 20x9 20x8 20x7 20x6 20x5 $51,040 $47,960 $48,400 $45,760 $44,000 34,440 30,800 3,080 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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