Al Ring Received a Memo Requesting That He Complete a Trend

question 95

Short Answer

Al Ring received a memo requesting that he complete a trend analysis of the following, using 2014 as the base year. (Round each percent to nearest whole percent.)Can you help Al with this request?
$$\begin{array} { | l | l | l | l | l | } \hline & 2017 & 2016 & 2015 & 2014 \\\hline \text { Sales } & \$ 42,000 ( \mathrm {~A} ) & \$ 60,000 ( \mathrm { D } ) & \$ 80,000 ( \mathrm { G } ) & \$ 95,000 ( \mathrm {~J} ) \\\hline \text { Gross Profit } & \$ 21,000 ( \mathrm {~B} ) & \$ 28,000 ( \mathrm { E } ) & \$ 42,000 ( \mathrm { H } ) & \$ 60,000 ( \mathrm {~K} ) \\\hline \text { Net Income } & \$ 21,000 ( \mathrm { C } ) & \$ 32,000 ( \mathrm {~F} ) & \$ 38,000 ( \mathrm { I } ) & \$ 35,000 ( \mathrm {~L} ) \\\hline\end{array}$$ *For simplicity, operating expenses have been omitted.

---

Definitions:

Car Depreciation

The reduction in value of a car over time, primarily due to wear and tear and age.

Resale Price

The price at which an item is sold after it has been previously purchased or used.

Adverse Selection

A situation in financial markets where buyers and sellers have access to different levels of information, often leading to transactions where the party with less information is at a disadvantage.

Tech Support

A service provided by companies to help customers solve technical problems or issues related to their products or services.