FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Don Williams received a memo requesting that he complete a trend analysis of the following numbers using 2021 as the base year.
Sales
Gross profit
Net income
2024
$ 390,000
210,000
41,100
Could you help Don with the request?
2024
Sales
Gross profit
Net income
%
%
%
2023
$ 462,000
285,000
53,100
2023
%
%
%
2022
2022
$ 486,000
410,000
23,100
%
%
%
2021
2021
$ 600,000
500,000
30,000
100 %
100 %
100 %
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Transcribed Image Text:Don Williams received a memo requesting that he complete a trend analysis of the following numbers using 2021 as the base year. Sales Gross profit Net income 2024 $ 390,000 210,000 41,100 Could you help Don with the request? 2024 Sales Gross profit Net income % % % 2023 $ 462,000 285,000 53,100 2023 % % % 2022 2022 $ 486,000 410,000 23,100 % % % 2021 2021 $ 600,000 500,000 30,000 100 % 100 % 100 %
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