Question 7 From the following information, interpret the results of operations of manufacturing concern using trend ratios: (Amount in '000 Rupees) For the year ended 31st March 2016 2015 2014 2013 Sales (net) Cost of Goods Sold 13,000 7,280 12,000 6,960 9,500 5,890 10,000 6,000 Gross Profit Selling Expenses 5,720 1,200 5,040 1,100 3,610 970 4,000 1,000 Net Operating Profit 4,520 3,940 2,640 3,000