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TREND ANALYSIS Year Net Sales Gross Profit Operating Income Net Income 2019 $71,309,000 $22,908,000 $4,018,000 $2,307,000 2020 $72,148,000 $22,943,000 $6,314,000 $4,268,000 2021 $89,597,000 $29,000,000 $9,647,000 $5,811,000 2022 $96,250,000 $32,056,000 $12,093,000 $8,400,000 

          TREND ANALYSIS
Year    Net Sales       Gross Profit     Operating Income    Net Income
2019    $71,309,000     $22,908,000      $4,018,000          $2,307,000
2020    $72,148,000     $22,943,000      $6,314,000          $4,268,000
2021    $89,597,000     $29,000,000      $9,647,000          $5,811,000
2022    $96,250,000     $32,056,000      $12,093,000         $8,400,000
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Added by Vincent W.

Elementary and Intermediate Algebra
Elementary and Intermediate Algebra
Alan S. Tussy, R. David Gustafson 5th Edition
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TREND ANALYSIS Year Net Sales Gross Profit Operating Income Net Income 2019 $71,309,000 $22,908,000 $4,018,000 $2,307,000 2020 $72,148,000 $22,943,000 $6,314,000 $4,268,000 2021 $89,597,000 $29,000,000 $9,647,000 $5,811,000 2022 $96,250,000 $32,056,000 $12,093,000 $8,400,000
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Transcript

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00:01 Hi, in this question we need to prepare a horizontal analysis.
00:04 This is for revenue as well as gross profit.
00:11 As we know, we are given with a table with the values for revenue and cost of goods sold.
00:19 And gross profit can be calculated as revenue minus cost of goods sold.
00:26 We can make a table for revenue, cost of goods sales and gross profit.
00:36 For revenue in the year 2019, 2018, 2017.
00:46 The revenue is $9610.
00:52 Cost of goods sold is $6 .310.
00:56 And subtracting these two, we get the cross profit.
00:59 That would be equals to $30 ,300.
01:04 And in 2018, we have the revenue $935.
01:11 And cost of goods sold is $6 ,200.
01:14 So the gross profit will be subtraction of these two, that is equals to $3 .1 .25...
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