Prepare a Trend Analysis of the Following Data Using Year

question 119

Essay

Prepare a trend analysis of the following data using Year 1 as the base year.Place your answers in the chart provided.Comment on the trend.
$$\begin{array}{l}\begin{array} { l l l } \end{array}\\\begin{array} {| l r r r| } \hline&\text { Year } 3 & \text { Year } 2 & \text { Year } 1\\\text { Net sales } & \$ 108,000 & \$ 10,000 & \$ 100,000 \\\text { Gross margin } & 61,040 & 58,800 & 56,000 \\\text { Net incume } & 9,600 & 10,800 & 10,000\\\hline\end{array}\end{array}$$
$\begin{array}{|l|l|l|l|} \hline& \text { Year 3 } & \text { Year 2 } & \text { Year 1 } \\\text { Net sales } & & & \\\text { Gross margin } & & & \\\text { Net income } & & & \\\hline\end{array}$

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Definitions:

Interrelated Components

Elements or parts of a system that are connected or related in such a way that changes in one can affect others.

Group Identification

A psychological process where an individual aligns with the norms, values, and practices of a particular group.

Transformational Leaders

Leaders who inspire followers to exceed their own self-interest for the good of the organization and who can bring about significant change.

Tolerance for Mistakes

An organizational or personal attitude that allows for errors as a learning opportunity, without immediate negative repercussions.