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The Following Items Were Taken from the Financial Statements of St

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The following items were taken from the financial statements of St. Johns, Inc., over a four-year period: The following items were taken from the financial statements of St. Johns, Inc., over a four-year period: Instructions Using horizontal analysis and 2015 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. Instructions
Using horizontal analysis and 2015 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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