For the Following Financial Statement Items,calculate Trend Percentages Using 2016

question 261

Essay

For the following financial statement items,calculate trend percentages using 2016 as the base year:
$\begin{array}{|l|c|c|c|c|c|}\hline&2020&2019&2018&2017&2016\\\hline \text { Sales. } & \$ 1,195,400 & \$ 1,118,000 & \$ 1,049,000 & \$ 963,200 & \$ 860,000 \\\hline \text { Cost of sales. } & 752,400 & 704,000 & 671,000 & 616,700 & 559,0 \\\hline \text {Gross profit } & \$ 443,000 & \$ 414,000 & \$ 378,000 & \$ 346,500 & \$ 30 \\\hline\end{array}$

---

Definitions:

Racially Segregated

The enforced separation of different racial groups in daily life, such as in housing, education, and employment.

Rich And Poor

Rich and poor refer to the distinct socioeconomic groups differentiated by wealth and material possessions, often highlighting issues of economic inequality.

Semi-Industrialized Countries

Nations that are in a transitional phase from agricultural-based economies to more industrialized economies, though not yet fully industrialized.

Urbanization

The process by which cities grow or people move from rural to urban areas, leading to city expansion and socio-economic changes.