Donald Corp Calculate Donald's Trend Analysis for Revenues and Cost of Goods

question 62

Essay

Donald Corp. reported the following revenues and net income amounts.
$\begin{array}{llllll}\text { (in milions) } & 2017 & 2016 & 2015 & 2014 & 2013 \\\hline \text { Revenue } & \$ 728 & \$ 675 & \$ 500 & \$ 485 & \$ 422 \\\text { Cost of goods sold } & 650 & 602 & 456 & 403 & 398\end{array}$ Calculate Donald's trend analysis for revenues and cost of goods sold. Use 2013 as the base year, and round to the nearest percent.

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Definitions:

Disposed

Refers to the act of selling, throwing away, or giving away property, or the dealing with something that is no longer useful or required.

Gain

Refers to the increase in wealth or resources, typically measured in financial terms and often realized through investment or sale of assets.

Plant Asset

Long-term tangible assets used in the production of goods or services, including machinery, buildings, and equipment.

Depreciation

The methodical distribution of the expense of a physical asset across its expected lifespan.