Comparative statements for Warmer Corporation are shown below:
Warmer Corporation Comparative Income Statements For the years ended December 31
$\begin{array}{|l|r|r|r|}
\hline&2018&2017&2016\
\hline \text { Sales } & \$ 14,800 & \$ 13,229 & \$ 13,994 \
\hline \text { Cost of goods sold } & 8,225 & 8,661 & 8,375 \
\hline \text { Gross profit } & 6,575 & 4,568 & 5,619 \
\hline \text { Operating expenses } & 3,664 & 3,576 & 3,487 \
\hline \text { Operating income } & \$ 2,911 & \$ 992 & \$ 2,132
\end{array}$ Calculate trend percentages for all income statement amounts shown and comment on the results. Use 2016 as the base year.Comment on the results.

Question

Comparative statements for Warmer Corporation are shown below:
Warmer Corporation Comparative Income Statements For the years ended December 31
 $\begin{array}{|l|r|r|r|}
\hline&2018&2017&2016\
\hline \text { Sales } & \$ 14,800 & \$ 13,229 & \$ 13,994 \
\hline \text { Cost of goods sold } & 8,225 & 8,661 & 8,375 \
\hline \text { Gross profit } & 6,575 & 4,568 & 5,619 \
\hline \text { Operating expenses } & 3,664 & 3,576 & 3,487 \
\hline \text { Operating income } & \$ 2,911 & \$ 992 & \$ 2,132
\end{array}$ Calculate trend percentages for all income statement amounts shown and comment on the results. Use 2016 as the base year.Comment on the results.

Quizplus · Accepted Answer

The Answer of Comparative statements for Warmer Corporation are shown below:
Warmer Corporation Comparative Income Statements For the years ended December 31
 $\begin{array}{|l|r|r|r|}
\hline&2018&2017&2016\
\hline \text { Sales } & \$ 14,800 & \$ 13,229 & \$ 13,994 \
\hline \text { Cost of goods sold } & 8,225 & 8,661 & 8,375 \
\hline \text { Gross profit } & 6,575 & 4,568 & 5,619 \
\hline \text { Operating expenses } & 3,664 & 3,576 & 3,487 \
\hline \text { Operating income } & \$ 2,911 & \$ 992 & \$ 2,132
\end{array}$ Calculate trend percentages for all income statement amounts shown and comment on the results. Use 2016 as the base year.Comment on the results.

Comparative Statements for Warmer Corporation Are Shown Below: Warmer Corporation

Comparative Statements for Warmer Corporation Are Shown Below:
Warmer Corporation