Biology Forums - Study Force

Data for the most recent four fiscal years of Burleigh Falls Corp. are given below:

   2014   2013   2012   2011
Net sales   $83,000   $75,000   $67,000   $60,000
Cost of goods sold   34,000   32,000   30,000   26,000
Gross margin   $49,000   $43,000   $37,000   $34,000
Operating expenses   26,000   22,000   19,000   14,000
Net income   $23,000   $21,000   $18,000   $20,000

Required:
a. Prepare an analysis showing the trend percentages for the four-year period using 2011 as the                         base year.
b. What do the trend percentages indicate regarding Burleigh Falls Corp.'s income statement data?

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