Comparative Statements for Warmer Corporation Are Shown Below Calculate Trend Percentages for All Income Statement Amounts Shown and Corporation}\\
\text

question 64

Essay

Comparative statements for Warmer Corporation are shown below:
$\begin{array}{c}\text {Warmer Corporation}\\\text {Comparative Income Statements}\\\text {For the years ended December 31}\\\begin{array}{|l|r|r|r|}\hline&2018&2017&2016\\\hline \text { Sales } & \$ 14,800 & \$ 13,229 & \$ 13,994 \\\hline \text { Cost of goods sold } & 8,22 & 8,661 & 8,37 \\\hline \text { Gross profit } & 6,57 & 4,568 & 5,619 \\\hline \text { Operating expenses } & 3,664 & 3,576 & 3,487 \\\hline \text { Operating income } & \$ 2,911 & \$ 992 & \$ 2,132 \\\hline\end{array}\end{array}$
Calculate trend percentages for all income statement amounts shown and comment on the results.Use 2016 as the base year.Comment on the results.

---

Definitions:

Proportionate Share

An individual's or group's fair or equitable portion of a whole, often related to shares in a company or distribution of assets.

Professional Malpractice Insurance

A form of liability insurance that helps protect professionals from financial loss resulting from claims of negligence or incompetence.

Negligence Claims

Legal demands for compensation by individuals who have suffered injury or loss due to another party's failure to exercise the appropriate level of care.

Insurance Policy

A contract between an insurer and a policyholder that determines the claims which the insurer is legally required to pay.