QUESTION 3-(30 pts) Income statement of ABC company is given below: 2019 2018 2017 Sales Revenue 9,000 6,000 7,500 COGS (-) 6,000 4,000 5.000 Gross Profit 3,000 2,000 2,500 Operating Expenses (-) 800 200 300 Net Profit 2.200 1.800 2.200 a) Show the trend percentages for three-year period taking 2017 as the base year. (Show supportive calculations) (10 pts) b) First comment on the trends of each item and write your conclusion whether overall trends are Favorable or Unfavorable. (20 pts, 150 words) QUESTION 4- (20 pts) Evaluate the below trend in Sales and COGS of company XYZ considering the following inflation rates in the country. (150 words) 2019 2018 2017 Sales ...... 130 100 Cost of goods sold. 120 100 Inflation increased by 10 % from the end of 2017 to the end 2018. Inflation increased by 20 % from the end of 2018 to the end of 2019. 110 108