Compute trend percentages for the following items taken from the financial statements of Lopez Plumbing over a

Question:

Compute trend percentages for the following items taken from the of Lopez Plumbing over a five-year period. Treat 2014 as the base year. State whether the trends are favorable or unfavorable. (Dollar amounts are stated in thousands.)

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...