Question
Calculate Trend percents for all components of the income statements using 2020 as the base year. each formula must include the round function, rounding all
Calculate Trend percents for all components of the income statements using 2020 as the base year. each formula must include the round function, rounding all percents to 2 decimal places.
| 2024 | 2023 | 2022 | 2021 | 2020 | ||
| Sales | $56,000 | $50,000 | $46,000 | $39,000 | $34,000 | |
| Cost of goods sold | 33,000 | 31,000 | 24,000 | 23,000 | 22,000 | |
| Gross profit | 23,000 | 19,000 | 22,000 | 16,000 | 12,000 | |
| Operating expenses | 14,000 | 12,000 | 12,000 | 10,000 | 8,000 | |
| Net income | $9,000 | $7,000 | $10,000 | $6,000 | $4,000 |
| Your formula must include the ROUND function (XXX.XX% = 4 decimal places)
|
Please write excel formulas. thank you.
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Accounting
Authors: Carl s. warren, James m. reeve, Philip e. fess
21st Edition
978-0324400205, 324225016, 324188005, 324400209, 9780324225013, 978-0324188004
