Horizontal analysis (trend analysis) percentages for Algy Company?s sales, cost of goods sold, and expenses are shown
Question:
Horizontal analysis (trend analysis) percentages for Algy Company?s sales, cost of goods sold, and expenses are shown below.
Did Algy?s net income increase, decrease, or remain unchanged over the 3-year period?
Horizontal Analysis 2013 96.2 102.0 109.6 2012 2011 100.0 100.0 Sales Cost of goods sold Expenses 106.8 97.0 98.4 100.0
Step by Step Answer:
Comparing the percentages presented results in the following conclusions T...View the full answer
Accounting Principles
ISBN: 978-0470534793
10th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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