(Answered) Compute increases decreases in percents for both years six

Finance

Compute increases (decreases) in percents for both Years six and seven by entering all the missing data in the table below. Examine and interpret any significant results revealed from this trend analysis.

	YEAR 7		YEAR 6		YEAR 5
Statement Item	Index No.	Change in Percent	Index No.	Change in Percent	Index No.
Net sales	_____	29%	100	_____%	90
Cost of goods sold	139	_____	100	_____	85
Gross profit	126	_____	100	_____	80
Operating expenses	_____	20	100	_____	65
Income before tax	_____	14	100	_____	70
Net income	129	_____	100	_____

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