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Sales Cost of goods sold Sales of goods 2018 $ 80,000 63,900 2017 $75,000 48,900 2016 $57,000 33,600 2015 $56,000 35,100 2014 $50,000 30,000 Dollar

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Sales Cost of goods sold Sales of goods 2018 $ 80,000 63,900 2017 $75,000 48,900 2016 $57,000 33,600 2015 $56,000 35,100 2014 $50,000 30,000 Dollar amounts stated above are in thousands. a. Compute trend percentages for the above items taken from the financial statements of Lopez Plumbing over a five-year period. Treat 2014 as the base year. b. State whether the trends are favorable or unfavorable. Complete this question by entering your answers in the tabs below. Required A Required B Compute trend percentages for the above items taken from the financial statements of Lopez Plumbing over a five-year period. Treat 2014 as the base year. (Round your answers to the nearest whole percent. i.e. 1.2345 as 123%.) 2018 2017 2016 2015 2014 Sales Cost of goods sold Cost of goods sold A A A A A Required A Required B >

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