Horizontal analysis (trend analysis) percentages for Kemplar Companys sales revenue, cost of goods sold, and expenses are
Question:
Horizontal analysis (trend analysis) percentages for Kemplar Company’s sales revenue, cost of goods sold, and expenses are shown below.
Did Kemplar’s net income increase, decrease, or remain unchanged over the 3-year period?
Transcribed Image Text:
Horizontal Analysis 2019 2020 2018 Sales revenue Cost of goods sold Expenses 100.0 97.8 103.3 103.0 96.0 99.3 100.0 105.2 100.0
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Related Book For
Accounting Principles
ISBN: 978-1119419617
IFRS global edition
Authors: Paul D Kimmel, Donald E Kieso Jerry J Weygandt
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