Accounting Connection- Using 2010 as the base year, prepare a trend analysis of the data that follow, and tell whether the situation shown by the trends is favorable or unfavorable. (Round to one decimal place.)
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|
2014
|
2013
|
2012
|
2011
|
2010
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|
Net sales
|
$51,040
|
$47,960
|
$48,400
|
$45,760
|
$44,000
|
|
Cost of goods sold
|
34,440
|
30,800
|
31,080
|
29,400
|
28,000
|
|
General and administrative expenses
|
10,560
|
10,368
|
10,176
|
9,792
|
9,600
|
|
Operating income
|
6,040
|
6,792
|
7,144
|
6,568
|
6,400
|