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

question 57

Essay

Sapphire Corp. reported the following revenues and net income amounts.
$\begin{array}{llllll} & \underline{2019} & \underline{2018} & \underline{2017} & \underline{2016} & \underline{2015} \\\text { Revenue } & \$ 728 & \$ 675 & \$ 500 & \$ 485 & \$ 452 \\ \text { Cost of goods sold }&650 & 602 & 456 & 403 & 398\end{array}$ Calculate Sapphire's trend analysis for revenues and cost of goods sold. Use 2015 as the base year, and round to the nearest percent.

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Definitions:

Consideration

An essential element in contract law, referring to something of value exchanged between parties as part of an agreement.

Consideration

In contract law, the value (which could be an object, service, money, or promise) that is given in exchange for a promise or performance by another party.

Adequacy

The quality or state of being sufficient, suitable, or appropriate for a particular purpose.

Consideration

Something of value exchanged between parties in a contract, required for the agreement to be legally binding.