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The Following Items Were Taken from the Financial Statements of Nesci

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The following items were taken from the financial statements of Nesci Ltd. over a three-year period: The following items were taken from the financial statements of Nesci Ltd. over a three-year period: InstructionsUsing horizontal analysis and 2016 as the base year, calculate the horizontal percentages of a base period for net sales, cost of goods sold, and gross profit. Explain whether the trends are favourable or unfavourable for each item. InstructionsUsing horizontal analysis and 2016 as the base year, calculate the horizontal percentages of a base period 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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