Teicher Company presents the following condensed comparative income statements for 2015, 2016, and 2017:

Required:
Prepare rate of change analyses for Teicher for 2016 and 2017 using year-to-year growth rates. What favorable or unfavorable trends do your analyses reveal about Teicher Company€™s financial performance?

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For Years Ended December 31 2016 $100,000 2017 2015 Sales (net) Cost of goods sold Gross profit Operating expenses Operating income Other items $120,000 85,000 45,000 18,000 26,000 400 25,200 82391awad Sal 200 500) 21,700 6,000 Dividend re venue Interest expense 500 Income before income laxes Income Net income Number of common shares Earnings per share 24,500 tax expense 8,200 16 6 $2.83 $ 2.75 $ 3.14