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The following items were taken from the financial statements

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The following items were taken from the financial statements of Tim, Inc., over a four-year period:
Item 2011 2010 2009
Net Sales $725,000 $640,000 $575,000
Cost of Goods Sold 530,000 480,000 435,000
Gross Profit $195,000 $160,000 $140,000
Instructions
Using horizontal analysis and 2009 as the base year, compute the trend percentages for net sales, cost of goods sold, and gross profit.
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