For the Following Financial Statement Items, Calculate Trend Percentages Using

question 228

Essay

For the following financial statement items, calculate trend percentages using 2016 as the base year:
$\begin{array}{|l|r|r|r|r|r|r|} \hline &{2020} & {2019} & {2018} & {2017} & {2016} \\\hline \text { Sales.............. } & \$ 1,195,400 & \$ 1,118,000 & \$ 1,049,000 & \$ 963,200 & \$ 860,000 \\\hline \text { Cost of sales........... } & 752,400 & 704,000 & 671,000 & 616,700 & 559,000 \\\hline \text { Gross profit........... } & \$ 443,000 & \$ 414,000 & \$ 378,000 & \$ 346,500 & \$ 301,000\\\hline\end{array}$

---

Definitions:

Glutamic Acid

An amino acid used by the body to build proteins, also functioning as a neurotransmitter in the brain.

Aspartic Acid

Aspartic acid is a nonessential amino acid used in the biosynthesis of proteins, playing roles in the body's metabolic processes and neurotransmission.

MSG

Monosodium glutamate, a flavor enhancer commonly used in food preparation and processed foods.

Microvilli

Tiny, hair-like projections on the surface of some cells that increase surface area for absorption or secretion.