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2018 2017 2016 2015 2014 Sales $79,000 $74,000 $63,000 $53,000 $50,000 Cost of goods sold 73,300 53,100 36,000 46,500 30,000 Dollar amounts stated above are
2018 2017 2016 2015 2014 Sales $79,000 $74,000 $63,000 $53,000 $50,000 Cost of goods sold 73,300 53,100 36,000 46,500 30,000 Dollar amounts stated above are in thousands. a. Compute trend percentages for the above items taken from the financial statements of Lopez Plumbing over a veyear period. Treat 2014 as the base year. b. State whether the trends are favorable or unfavorable. Complete this question by entering your answers in the tabs below. Required A Required B Compute trend percentages for the above items taken from the nancial statements of Lopez Plumbing over a five-year period. Treat 2014 as the base year. (Round your answers to the nearest whole percent. i.e. 1.2345 as 123%.) -lll---l- Required B > Complete this question by entering your answers in the tabs below. Required A Required B State whether the trends are favorable or unfavorable. Cost of goods sold
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