Mani The following items were taken from the financial statements of Grouper Manufacturing, Inc. over a three-year period:ItemNet SalesCost of Goods SoldGross ProfitItemNet SalesCost of Goods Sold2026Gross Profit$289,280210,2402025$271,360Using horizontal analysis and 2024 as the base year, compute the trend percentages for net sales, cost of goods sold, and gross profit.(Round answers to O decimal places, e.g. 111%.)198,400$79,040 $72,96020262024$256,000180,000$76,000%-%%2025%%%2024%%%

Comparative financial statements are used to compare two or more years to understand the financial…

The following items were taken from the financial statements of Grouper Manufacturing, Inc. over a three-year period: Item Net Sales Cost of Goods Sold Gross Profit Item Net Sales Cost of Goods Sold 2026 $289,280 $271,360 198,400 $72,960 Gross Profit 210,240 $79,040 2025 Using horizontal analysis and 2024 as the base year, compute the trend percentages for net sales, cost of goods sold, and gross pr (Round answers to O decimal places, e.g. 111%.) 2026 $256,000 % 2024 -% % 180,000 $76,000 2025 % % % 2024 % % %