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The Following Items Were Taken from the Financial Statements of Ritz

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The following items were taken from the financial statements of Ritz Inc., over a 4-year period:
The following items were taken from the financial statements of Ritz Inc., over a 4-year period: Required: Using horizontal analysis and 2011 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. Required: Using horizontal analysis and 2011 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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blured image The trend in net sales is increasing an...

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