Statement of Profit or Loss for years 2016 to
2019 Year 2019
Year 2018
Year 2017
Year 2016
$
$
$
$
Sales revenue
1,095,910
1,060,900
1,030,000
1,000,000
Less: Cost of goods sold
(895,358)
(866,755)
(842,540)
(820,000)
Gross profit
200,552
194,145
187,460
180,000
Other operating expenses
(162,877)
(161,827)
(160,900)
(160,000)
Income before tax
37,675
32,318
26,560
20,000
Less: Income tax expense
(3,768)
(3,232)
(2,656)
(2,000)
Net income
33,907
29,086
23,904
18,000
Required:
Compute the index-number trend percentages for the accounts...