Comparative Statements for Kool Corporation Are Shown Below Calculate Trend Percentages for All Income Statement Amounts Shown and

question 22

Essay

Comparative statements for Kool Corporation are shown below:
$\begin{array}{c} \text { KOOL CORPORATION }\\ \text { Comparative Income Statement }\\ \text { For the Years Ended December 31 }\\\begin{array}{|l|r|r|r|}\hline& \underline{2014} & \underline{2013} & \underline{2012} \\\hline \text { Sales } & \$ 14,800 & \$ 13,229 & \$ 13,994 \\\hline \text { Cost of goods sold } & 8,225 & 8,661 & 8,375 \\\hline \text { Gross profit } & 6,575 & 4,568 & 5,619 \\\hline \text { Operating expenses } & \underline{3,664} & \underline{3,576} & \underline{3,487} \\\hline \text { Operating income } & \underline{\$ 2,911} & \underline{\$ 992} & \underline{\$ 2,132} \\\hline\end{array}\end{array}$

Calculate trend percentages for all income statement amounts shown and comment on the results.Use 2012 as the base year.

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Definitions:

Tympanic Membrane

Also known as the eardrum, this thin membrane vibrates in response to sound waves and transmits these vibrations to the bones of the middle ear.

Cochlea

is a spiral-shaped, fluid-filled inner ear structure responsible for converting sound vibrations into nerve impulses that are interpreted by the brain.

Vestibule

An entryway or chamber that can be the central part of the ear, or an area at the mouth's entrance.

Semicircular Canals

Three looping fluid-filled tunnels in the inner ear that are involved in maintaining balance and sensing head rotation.