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Sapphire Corp Calculate Sapphire's Trend Analysis for Revenues and Cost of Goods

Question 52

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Sapphire Corp.reported the following revenues and net income amounts.
2019‾2018‾2017‾2016‾2015‾ Revenue $728$675$500$485$452 Cost of goods sold 650602456403398\begin{array}{llllll} & \underline{2019} & \underline{2018} & \underline{2017} & \underline{2016} & \underline{2015} \\\text { Revenue } & \$ 728 & \$ 675 & \$ 500 & \$ 485 & \$ 452 \\\text { Cost of goods sold } & 650 & 602 & 456 & 403 & 398\end{array}
Calculate Sapphire's trend analysis for revenues and cost of goods sold.Use 2015 as the base year,and round to the nearest percent.

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