Essay
The following items were taken from the financial statements of Kramer Manufacturing, Inc., over a three-year period: 
Instructions
Using horizontal analysis and 2016 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.
Correct Answer:
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1(2018 Net sal./2016 Net sal.) 2(2018 Gr....View Answer
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Correct Answer:
Verified
1(2018 Net sal./2016 Net sal.) 2(2018 Gr....View Answer
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