prepare horizontal analyses by using 2017 as base year

Anne Elizabeth Company's Income Statement for the fiscal years 2017, 2018, and 2019 are given below. Income Statement Anne Elizabeth Company For the Year Ended December 31, 2019 2019 2017 5640.000 $718,500 2018 $650,500 520.000 Net sales 580.000 138.500 515.000 125.000 150500 Cost of goods sold Gross profit $ 71,000 $ 67,000 3.000 70.000 565.000 2.500 57.500 57.500 Operating expenses: Selling, general, and administrative Interest 50.500 75.000 63,300 _30,000 $ 35.500 29.000 $32.500 $28.80 Earnings before income taxes Income taxes Net earnings Pro