For the Following Financial Statement Items,calculate Trend Percentages Using Year

question 92

Essay

For the following financial statement items,calculate trend percentages using Year 1 as the base year:
$$\begin{array} { l r r r r r } & \text { Year 5 } & \text { Year 4 } & \text { Year 3 } & \text { Year 2 } & \text { Year 1 } \\\text { Sales } & \$ 1,195,400 & \$ 1,118,000& \$ 1,049,000 & \$ 963,200 & \$ 860,000 \\\text { Cost of sales } & 752,400& 704,000& 671,000 & 616,700 & 559,000\\\text { Gross profit } & \$ 443,000 & \$ 414,000 & \$ 378,000 & \$ 346,500 & \$ 301,000\end{array}$$

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Definitions:

Maslow

An American psychologist best known for creating Maslow's hierarchy of needs, a theory of psychological health predicated on fulfilling innate human needs.

Self-esteem

The subjective evaluation or perception of one's own worth, encompassing beliefs and emotions such as pride and shame.

Self-actualization

A concept in psychology representing the realization or fulfillment of one's talents and potentialities, especially considered as a drive or need present in everyone.

Needs-hierarchy Theory

A psychological theory proposed by Abraham Maslow that categorizes human needs into a hierarchical structure, from basic physiological needs to self-actualization.