Question
Comparative statements for Cool Aid Corporation are shown below: Cool Aid Corporation Comparative Income Statements For the years ended December 31 2022 2021 2020 Sales....................................................................
Comparative statements for Cool Aid Corporation are shown below: Cool Aid Corporation Comparative Income Statements For the years ended December 31 2022 2021 2020 Sales.................................................................... $16,800 $15,990 $15,885 Cost of goods sold.................................................................... 10,325 9,100 9,465 Gross profit.................................................................... 6,475 6,890 6,420 Operating expenses 3400 3205 3225 Other expenses.................................................................... 1,050 866 1,280 Operating income.................................................................... $ 2,025 $2,819 $ 1,915
Calculate trend percentages for all income statement amounts shown and comment on the results. Use 2020 as the base year. (round to nearest whole percent). Comment on the results.
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