Trend Percentages
Compute trend percentages for the following items taken from the financial statements of Lopez Plumbing over a five-year period. Treat 2011 as the base year. State whether the trends are favorable or unfavorable. (Dollar amounts are stated in thousands.)
| 2015 | 2014 | 2013 | 2012 | 2011 |
Sales | $81,400 | $74,000 | $61,500 | $59,000 | $50,000 |
Cost of goods sold | 58,500 | 48,000 | 40,500 | 37,000 | 30,000 |
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