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The following items were taken from the financial statements of Sheridan, Inc., over a three-year period: Item Net Sales Cost of Goods Sold Gross Profit
The following items were taken from the financial statements of Sheridan, Inc., over a three-year period: Item Net Sales Cost of Goods Sold Gross Profit (a) 2026 Item $540,176 358,050 $182,126 2025 $509,600 341,000 2024 $455,000 Amount 310,000 $168,600 $145,000 Compute the amount and percentage change from 2024 to 2025. (Round percentages to 1 decimal place, e.g. 17.5%. If amoun percentage are a decrease show the numbers as negative, e.g. -55,000, -52.7% or (55,000), (52.7%).) Percentage
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