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ignore the penciled in numbers P12-31A. Horizontal and vertical analysis (Learning Objectives 2 & 3) 20-25 min. Net sales, net income, and total assets for

ignore the penciled in numbers
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P12-31A. Horizontal and vertical analysis (Learning Objectives 2 \& 3) 20-25 min. Net sales, net income, and total assets for Gene Blue Clothing Emporium for a four-year period follow: requirements 1. Compute trend percentages for each item for 2007-2010. Use 2007 as the base year. 2. Compute the rate of return on net sales for 2008-2010, rounding to three decimal places. In this industry, rates of 6% are average, rates above 8% are considered good, and rates above 10% are viewed as outstanding. 3. How does Gene Blue Clothing Emporium's return on net sales compare with the industry

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