QUESTION 1 The following trend analysis has been prepared for Cold Air Ltd. 2009 2010 2011 % % % Revenue from sale of goods 100 85.12 81.57 Interest Received 100 60 200 Total Revenue 100 85.02 81.98 Expenses Cost of sales 100 93.59 102.56 Advertising expenses 100 100 100 Insurance expenses 100 125 150 Rent Expenses 100 100 100 Depreciation 100 87.5 75 Wages and Salaries 100 133.33 126.67 Interest expenses 100 103.81 166.76 Total Expenses 100 96.44 105.06 Profit 100 58.5 28.4 Required: Comment on the trend analysis of Cold Air Ltd.