Problem

Trend PercentagesCompute trend  percentages for the following items taken from the financi...

Trend Percentages

Compute trend  percentages for the following items taken from the financial statements of Lopez Plumbing over a five-year period. Treat 2007 as the base year. State whether the trends are favorable or unfavorable. (Dollar amounts are stated in thousands.)

 

2011

2010

2009

2008

2007

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

Step-by-Step Solution

Request Professional Solution

Request Solution!

We need at least 10 more requests to produce the solution.

0 / 10 have requested this problem solution

The more requests, the faster the answer.

Request! (Login Required)


All students who have requested the solution will be notified once they are available.
Add your Solution
Textbook Solutions and Answers Search