5:52. Edit Current Liabilities Required: 644 88 39 L 390 318 324 330 300 1. Express all accounts in trend percentages using 20x1 as the base year, and carry computations to one decimal place. 2. Comment on the results of your analysis. Exercise 4-5 (Gross Profit Variation Analysis) The following comparative operation data for 20x6 and 20x5 for COMPANY inc. were made available for your analysis: Sales Cost of Sales 20x6 20x5 165,000 100,000 90,000 50,000 Gross Profit 75,000 50,000 Units Sold 1,500 Unit Selling Price 110 1,000 100 Unit Cost 60 50 Required: Prepare a Statement Accounting for Gross Profit Variation for the year 20x6. DO DO Tools Mobile View Share Edit on PC School Tools