Healthful Living Corporation’s annual sales and net income data for the years 2017–2023 as well as the company’s 2023 and 2022 comparative income statements are presented below.

Requirements:

1. Perform a trend analysis of sales revenues and net income for the years 2017–2023, using 2017 as the base year. Comment on the results.
2. Perform a horizontal analysis of the income statements for the years 2022–2023 and comment on the results.
3. Perform a vertical analysis of the income statements for the years 2022–2023 and comment on the results.

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1 (in millions) 2023 2022 2021 2020 2019 G 2018 H 2017 2 Sales revenue $ 3 Net income 73,785 $ $ 3,321 $ 72,618 $ 71,279 $ 73,301 $ 69,865 $ 67,390 $ 65,357 2,449 $ 2,694 $ 2,999 $ 2,929 $ 2,920 $ 2,488 4