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Comparative statements for Home Cool Corporation are shown below: Home Cool Corporation Comparative Income Statements For the years ended December 31 2022 2021 2020 Sales....................................................................
Comparative statements for Home Cool Corporation are shown below:
Home Cool Corporation Comparative Income Statements For the years ended December 31 | |||
2022 | 2021 | 2020 | |
Sales.................................................................... | $15,900 | $14,330 | $14,995 |
Cost of goods sold.................................................................... | 8,225 | 8,662 | 8,475 |
Gross profit.................................................................... | 7,675 | 5,668 | 6,520 |
Operating expenses | 3405 | 3300 | 3225 |
Other expenses.................................................................... | 1,550 | 1,456 | 1,280 |
Operating income.................................................................... | $ 2,720 | $ 912 | $ 2,015 |
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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