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(Solved by Expert Tutors) The following items were taken from the financial statements of Hinz, In


2011 2010 2009 2008Net Sales $725,000 $640,000$575,000$500,000Cost of Goods Sold 530,000 480,000 435,000 400,000Gross Profit$195,000$160,000$140,000$100,000InstructionsUsing horizontal analysis and 2008 as the base year, compute the trend percentages for net sales, cost of goods sold, and gross profit. Explain whether the trends are favorable or unfavorable for each item.

 


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Apr 19, 2020

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