The following itenis were taken from the financial statements of Pharoah Manufacturing. Inc. over a three-ver period: Using horizontal analysis and 2020 as the base year, compute the trend percentages for net sales, cost of goods sold, and gross proht. Indicate whether the trends are favorable or unfavorable for each item. Attempts: 0 of 1 used The following items were taken from the financial statements of Pharoah Manuficturing. Inc., over a thren-wear period: Using horizontal analysis and 2020 as the base year, compute the trend percentages for net sales, cost of goods sold, and gross profie. Indicate whether the trends are favorable or unfavorable for each item