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The Following Items Were Taken from the Financial Statements of Smalley

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The following items were taken from the financial statements of Smalley, Inc., over a five-year period: The following items were taken from the financial statements of Smalley, Inc., over a five-year period: Instructions Using horizontal analysis and 2010 as the base year, calculate the trend percentages for net sales, cost of goods sold, and gross profit. Explain whether the trends are favourable or unfavourable for each item. Instructions
Using horizontal analysis and 2010 as the base year, calculate the trend percentages for net sales, cost of goods sold, and gross profit. Explain whether the trends are favourable or unfavourable for each item.

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blured image The trend in net sales is increasing an...

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