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For the Following Financial Statement Items, Calculate Trend Percentages Using

Question 67

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For the following financial statement items, calculate trend percentages using 2016 as the base year:
 Sales. ∣$1,195,400∣∣$1,118,000∣∣$1,049,000∣$963,200$860,000 Cost of sales................ 752,400704,000671,000616,700559,000 Gross profit $443,000$414,000$378,000$346,500$301,000\begin{array}{|l|c|c|c|c|c|}\hline \text { Sales. } & |\$ 1,195,400| & |\$ 1,118,000| & |\$ 1,049,000| & \$ 963,200 & \$ 860,000 \\\hline \text { Cost of sales................ } & 752,400 & 704,000 & 671,000 & 616,700 & 559,000 \\\hline \text { Gross profit } & \$ 443,000 & \$ 414,000 & \$ 378,000 &\$346,500 &\$301,000 \\\hline\end{array}

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