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The following items were taken from the financial statements of Blue Spruce Manufacturing, Inc., over a three-year period: Item Net Sales 2023 2022 2021

The following items were taken from the financial statements of Blue Spruce Manufacturing, Inc., over a three-year period: Item Net Sales 2023 2022 2021 $224,000 $211,000 $200,000 Cost of Goods Sold 168,000 159,950 140,000 Gross Profit $61,050 $55,800 $60,000 Using horizontal analysis and 2021 as the base year, compute the trend percentages for net sales, cost of goods sold, and gross profit. (Round answers to O decimal places, e.g. 111%.) Item Net Sales. Cost of Goods Sold Gross Profit 2023 do % 2022 2021 % % de % % % % %

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