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The following items were taken from the financial statements of Cullumber, Inc, over a four-year periodi. Using horizontal analysis and 2019 as the base year,
The following items were taken from the financial statements of Cullumber, Inc, over a four-year periodi. Using horizontal analysis and 2019 as the base year, compute the trend percentages for net sales, cost of goods sold, and gross profit Indicate whether the trends are favorable or unfavorable for each item. (Round answers to O decimal places, e. . 15\%) Favorable or 2020 2019 Unfavorable % % % %
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