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2024 2023 2022 2021 2020 Sales $ 82,000 $ 76,000 $ 62,000 $ 56,000 $ 50,000 Cost of goods sold 59,400 54,300 48,900 43,500 30,000
| 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Sales | $ 82,000 | $ 76,000 | $ 62,000 | $ 56,000 | $ 50,000 |
| Cost of goods sold | 59,400 | 54,300 | 48,900 | 43,500 | 30,000 |
Required:
Dollar amounts stated are in thousands.
- Compute trend percentages for the following items taken from the financial statements of Lopez Plumbing over a five-year period. Treat 2020 as the base year.
- State whether the trends are favorable or unfavorable.
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Essentials Of Internal Auditing For Certified Internal Auditor CIA Exam Part One Review Notes 2023
Authors: Staff At SKDEMY
1st Edition
0645811831, 978-0645811834
