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Prepare a trend analysis of the following data using Year 1 as the base year....

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Question

Accounting

Prepare a trend analysis of the following data using Year 1 as the base year. Place your answers in the chart provided. Comment on the trend.

Year 3

Year 2

Year 1
Net sales

$108,000

$110,000

$100,000
Gross margin

61,040

58,800

56,000
Net income

9,600

10,800

10,000

Year 3

Year 2

Year 1
Net sales
Gross margin
Net income

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