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Question
The following items were taken from the financial statements of Tilden, Inc., over a 3-year period:
| Item | Year 3 | Year 2 | Year 1 |
| Sales | $360,000 | $335,000 | $290,000 |
| Cost of merchandise sold | 225,000 | 205,000 | 185,000 |
| Gross profit | $135,000 | $130,000 | $105,000 |
Compute the following for each of the items listed:
a. The amount and percentage change from Year 2 to Year 3.
b. The amount and percentage change from Year 1 to Year 2.
(Round percentages to one decimal place.)
Answer
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