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Please answer all parts 16. Complete the trend analysis (percentage change) using the first chart as your basis. Dollars Net Sales Cost of Sales Operating
Please answer all parts
16. Complete the trend analysis (percentage change) using the first chart as your basis. Dollars Net Sales Cost of Sales Operating Expenses Current Year $690,339 460,122 105,593 1 Year Ago $638,746 432,734 99,347 2 Years Ago $588,710 394,757 80,238 3 Years Ago $562,811 376,237 72,556 1 Year Ago 2 Years Ago Percent Trend Current Year Net Sales Cost of Sales Operating Expenses 3 Years Ago 100.00% 100.00% 100.00% Explain what the trend analysis reveals about the three accounts. 17. Conduct a vertical analysis of the following financial statement. Common Size Percentage $ millions Current Year Prior Year Current Prior Net Sales $405 $395 Cost of Sales 296 200 Operating Expenses 100 150 18. Calculate Days' Sales Inventory using the following data: Ending Inventory = $9,833 Cost of Goods Sold = $497,732Step by Step Solution
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