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The Following Items Were Taken from the Financial Statements of James

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The following items were taken from the financial statements of James Limited, over a three-year period:
The following items were taken from the financial statements of James Limited, over a three-year period: Required: Using horizontal analysis and 2019 as the base year, compute the trend percentages for net sales, cost of sales and gross profit. Explain whether the trends are favourable or unfavourable for each item. Required: Using horizontal analysis and 2019 as the base year, compute the trend percentages for net sales, cost of sales 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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