View Policies Current Attempt in Progress The following items were taken from the financial statements of Sheridan Manufacturing, Inc, over a three-year period: Using horizontal analysis and 2020 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. Current Attempt in Progress The following items were taken from the financial statements of Sheridan Manufacturing. Inc, over a three-year period: Using horizontal analysis and 2020 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. Attempts: 0 of 1 used