For the Following Items,calculate Trend Percentages Using 2018 as the Base

question 193

Essay

For the following items,calculate trend percentages using 2018 as the base year.(round to nearest percentage):
Azuno Co.
Compar ative Income Statement
For the Years Ended December 31,
$\begin{array}{|l|r|r|r|r|r|}\hline & \mathbf{2 0 2 2} & \mathbf{2 0 2 1} & \mathbf{2 0 2 0} & \mathbf{2 0 1 9} & \mathbf{2 0 1 8} \\\hline \text { Sales } & \$ 1,495,000 & \$ 1,234,700 & \$ 1,267,500 & \$ 999,500 & \$ 982,350 \\\hline \text { Cost of goods sold } & 556,000 & 580,000 & 450,000 & 402,000 & 329,000 \\\hline \text { Gross profit } & \$ 939,000 & \$ 654,700 & \$ 817,000 & \$ 597,500 & \$ 653,350 \\\hline\end{array}$

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Definitions:

Future Generations

Refers to the populations that will live in the future, inheriting the legacy of today's societal, environmental, and economic conditions.

Environmentalism

A movement of citizens, government agencies, and the business community that advocates the preservation, restoration, and improvement of the natural environment.

Life Cycle Assessment

A technique for assessing the environmental impacts associated with all the stages of a product's life from raw material extraction through materials processing, manufacture, distribution, use, repair, maintenance, and disposal or recycling.

Apparel Industry

The sector of the economy that is involved in the design, production, and distribution of clothing and accessories.