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Summarize and report on results of trend financial analyses Account Year 3 Year 2 Year 1 Sales 105.76% 94.00% 100% Cost of Goods Sold 98.21%
Summarize and report on results of trend financial analyses
| Account | Year 3 | Year 2 | Year 1 |
| Sales | 105.76% | 94.00% | 100% |
| Cost of Goods Sold | 98.21% | 103.41% | 100% |
| Gross Profit | 117.01% | 81.30% | 100% |
| Operating Expenses | 105.08% | 102.55% | 100% |
| Operating Income | 136.54% | 46.53% | 100% |
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Result of trend analysis From the given statement it is understood that operating income for ...
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Using Financial Accounting Information The Alternative to Debits and Credits
Authors: Gary A. Porter, Curtis L. Norton
7th Edition
978-0-538-4527, 0-538-45274-9, 978-1133161646
