Express the following income statement information in common-size percentages and in trend

Question

Express the following income statement information in common-size percentages and in trend percentages using 2014 as the base year.

			Common-Size		Trend
			Percentages		Percentages
	2015	2014	2015	2014	2015	2014
Sales	$540,000	$460,000	____	____	____	____
Cost of goods sold.	290,000	240,000	____	____	____	____
Gross profit	$250,000	$220,000	____	____	____	____

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