For the following financial statement items, calculate trend percentages using Year 1 as the base year: ?Year 5?Year 4?Year 3?Year 2?Year 1Sales$1,195,400?$1,118,000?$1,049,000?$963,200?$860,000Cost of sales752,400?704,000?671,000?616,700?559,000Gross profit$443,000?$414,000?$378,000?$346,500?$301,000
What will be an ideal response?
| ? | Year 5 | ? | Years 4 | ? | Year 3 | ? | Year 2 | ? | Year 1 |
| Sales | 139.0% | ? | 130.0% | ? | 122.0% | ? | 112.0% | ? | 100% |
| Cost of goods sold | 134.6% | ? | 125.9% | ? | 120.0% | ? | 110.3% | ? | 100% |
| Gross profit | 147.2% | ? | 137.5% | ? | 125.6% | ? | 115.1% | ? | 100% |
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