Consider the following information of Jones Corporation over four years:
|
2019 |
2018 |
2017 |
2016 |
|
|
Sales |
$10,000 |
$9,000 |
$ ? |
$7,000 |
|
Cost of goods sold |
? |
6,840 |
6,160 |
? |
|
Gross profit |
2,500 |
? |
1,840 |
? |
|
Gross profit percentage |
? |
? |
? |
22% |
Required:
- Calculate the missing amounts for each year.
- What does this information indicate about the company?
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