The Following Items Were Taken from the Financial Statements of Rug

question 135

Essay

The following items were taken from the financial statements of Rug Inc. over a four-year period: $\begin{array}{lrrrr}\text { Item }&2018&2017&2016&2015\\\text { Net Sales } & \$ 900,000 & \$ 650,000 & \$ 600,000 & \$ 500,000 \\\text { Cost of Goods Sold } &580,000&460,000&420,000&400,000 \\\text { Gross Profit } & \$ 320,000&\$190,000&\$180,000&\$100,000\end{array}$ Instructions
Using horizontal analysis and 2015 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.

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Definitions:

Leadership Style

The characteristic manner and approach of providing direction, implementing plans, and motivating people.

Co-lead

The act of sharing leadership or facilitation duties between two or more individuals in a group or team setting.

Leadership Styles

Various approaches to guiding, directing, motivating, and managing teams and organizations, each with its unique strategies and implications.

Group Leadership

The process of directing and managing a group towards achieving its objectives, often involving coordination, motivation, and providing guidance.