Horizontal Analysis

Estrada, Inc. is concerned about the level of its advertising and office salaries expense. Selected statement

of comprehensive income data from 2017 to 2019 appear below:

2019

2018

2017

Sales

140,000

60,000

37,500

Gross Profit

89,600

37,200

22,500

Advertising Expense

7,000

3,300

2,250

Office Salaries Expense

22,400

9,000

4,500

Profit

30,800

13,800

9,000

Required: Calculate the trend percentages for sales, advertising expense and office salaries expense. Use

2017 as the base year. Round to the nearest percent.