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/ Homework Answers / Accounting / 21) Atlantis Inc. provides the following historical data: 201620152014201320122011 Net sales$4,970$4,500$3,980$3,270$4,750$4,400 Prepare the

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21) Atlantis Inc. provides the following historical data:

201620152014201320122011

Net sales$4,970$4,500$3,980$3,270$4,750$4,400

Prepare the trend analysis report Use 2011 as the base year, and round answers to the nearest percent.

22) Donald Corp. reported the following on its comparative income statement:

(In millions)201720162015

Revenue$728$675$500

Cost of goods sold312258220

Prepare a horizontal analysis of revenues and cost of goods sold, both in dollar amounts and in percentages, for 2016 and 2017. (Round your percentage answers to two decimal places.)

23) Donald Corp. reported the following revenues and net income amounts.

(In millions)20172016201520142013

Revenue$728$675$500$485$452

Cost of goods sold650602456403398

Calculate Donald's trend analysis for revenues and cost of goods sold. Use 2013 as the base year, and round to the nearest percent.

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