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:
$\begin{array}{|l|r|r|r|r|r|r|} \hline &{2020} & {2019} & {2018} & {2017} & {2016} \\\hline \text { Sales.............. } & \$ 1,195,400 & \$ 1,118,000 & \$ 1,049,000 & \$ 963,200 & \$ 860,000 \\\hline \text { Cost of sales........... } & 752,400 & 704,000 & 671,000 & 616,700 & 559,000 \\\hline \text { Gross profit........... } & \$ 443,000 & \$ 414,000 & \$ 378,000 & \$ 346,500 & \$ 301,000\\\hline\end{array}$

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Definitions:

Birth Process

The series of events that lead to the delivery of a baby, including labor, contractions, and the passage through the birth canal.

Cesarean Delivery

Cesarean Delivery is a surgical procedure used to deliver a baby through incisions in the mother's abdomen and uterus.

Vaginal Delivery

The process of childbirth where the baby is born through the birth canal.

Major Motor

Pertaining to the primary physical skills involving large muscle movements such as walking, running, jumping, and throwing.