Selected comparative financial statements of Tripoly Company follow. Required 1. Compute trend percents for all components of
Question:
Selected comparative financial statements of Tripoly Company follow.
Required
1. Compute trend percents for all components of both statements using 2015 as the base year. Round percents to one decimal.
Analysis Component
2. Analyze and comment on the financial statements and trend percents from part 1.
Transcribed Image Text:
TRIPOLY COMPANY Comparative Income Statements For Years Ended December 31 $ thousands 2021 2020 2019 2018 2017 2016 2015 Sales .... $560 $610 $630 $680 $740 $770 $860 Cost of goods sold. Gross profit....... Operating expenses..... Net income ... 276 290 294 314 340 350 380 284 320 336 366 400 420 480 84 104 112 126 140 144 150 $200 $216 $224 $240 $260 $276 $330
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Part 1 Part 2 Analysis and Interpretation The statements and the trend percent data show that sales ...View the full answer
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