Question 1

The condensed comparative statements of Uranium Mining Corporation follow. Net sales Cost of goods sold Gross profit from sales Operating expenses Profit Uranium Mining Corporation Income Statement (5000) For Years Ended December 31 2020 2019 2018 $1,017 $898 $822 703 574 496 $ 314 $324 $326 219 175 162 $ 95 $149 $164 2017 $758 436 $322 123 $199 2016 $712 486 $306 189 $197 2015 $666 381 $285 107 $178 2014 $ 564 315 $ 249 93 $ 156 2017 2016 2015 2014 Assets Cash Accounts receivable, net Inventory Other current assets Non-strategic investments Plant and equipment, net Total assets Liabilities and Equity Current liabilities Non-current liabilities Common shares Retained earnings Total liabilities and equity Uranium Mining Corporation Balance Sheet (5000) December 31 2020 2019 2018 $ 44 $ 56 $ 58 294 308 280 1,052 767 671 31 28 17 @ 1, 302 1,298 1,141 $2,723 $2,457 $2,167 $ 59 216 568 29 88 656 $1,616 $ 62 $ 61 $ 63 191 181 128 511 435 321 26 26 15 88 88 88 677 606 524 $1,555 $1,397 $1,139 $ 274 294 $ 678 722 780 543 $2,723 $ 569 630 780 478 $2,457 $ 377 613 780 397 $2,167 $ 314 288 652 362 $1,616 652 $ 260 $ 169 318 244 520 520 299 206 $1,397 $1,139 335 $1,555 Required: Calculate trend percentages for the items of the statements using 2014 as the base year. (Round your final percentage answers to 1 decimal place.) URANIUM MINING CORPORATION Income Statement Trends (in %) For Years Ended December 31, 2014-2020 2020 2019 2018 2017 2016 2015 2014 Net sales Cost of goods sold Gross profit Operating expenses Profit URANIUM MINING CORPORATION Balance Sheet Trends (in %) December 31, 2014-2020 2019 2018 2017 2020 2016 2015 2014 Assets Cash Accounts receivable, net Inventory Other current assets Investments Plant and equip., net Total assets Liabilities and Equity Current liabilities Non-current liabilities Common shares Retained earnings Total liabilities and equity