Prepare a Trend Analysis of the Following Data,using Year 1

question 56

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.
$$\begin{array} { | l r r r | } \hline & \text { Year 3 } & { \text { Year 2 } } & { \text { Year 1 } } \\\text { Net sales } & \$ 324,000 & \$ 330,000 & \$ 300,000 \\\text { Net income } & 33,000 & 31,800 & 30,000 \\\hline\end{array}$$
$$\begin{array} { |l | l | l | l |} \hline& \text { Year 3 } & \text { Year 2 } & \text { Year 1 } \\ \text { Net sales } \\\text { Net income } & & & \\\hline\end{array}$$

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Definitions:

Market Value

The current price at which an asset or service can be bought or sold in a marketplace.

Family History

The study of the lineage and history of families, including genealogy, inherited traits, and shared heritage.

Social Standing

The position or rank of a person or group within the hierarchical structure of society, often influenced by factors like wealth, occupation, education, and familial lineage.

Poverty Rate

Is the percentage of people living below the poverty threshold, which is three times the minimum food budget established by the U.S. Department of Agriculture.