This paper circulates around the core theme of Using horizontal analysis and 2013 as the base year, compute the trend percentages for net sales, cost of goods sold, and gross profit. Explain whether the trends are favorable or unfavorable for each item. together with its essential aspects. It has been reviewed and purchased by the majority of students thus, this paper is rated 4.8 out of 5 points by the students. In addition to this, the price of this paper commences from £ 99. To get this paper written from the scratch, order this assignment now. 100% confidential, 100% plagiarism-free.
The following items were taken from the financial
statements of Rug, Inc., over a four-year period:
Item 2016 2015
2014 2013
Net Sales $900,000 $650,000 $600,000 $500,000
Cost of Goods Sold
580,000 460,000 420,000 400,000
Gross Profit $320,000 $190,000 $180,000 $100,000
Instructions
Using horizontal analysis and 2013 as the base year,
compute the trend percentages for net sales, cost of goods sold, and gross
profit. Explain whether the trends are favorable or unfavorable for each item.
