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

question 52

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:

Glycogenesis

Formation of glycogen from glucose molecules.

Gluconeogenesis

Formation of glucose from noncarbohydrates, such as proteins (amino acids) or lipids (glycerol).

Theory Of The Firm

Explanation of how a firm makes cost-minimizing production decisions and how its cost varies with its output.

Maximize Profits

The process of adjusting production and sales strategies to achieve the highest possible financial gain.