Horizontal analysis (trend analysis) percentages for Phoenix Company's sales revenue, cost of goods sold, and expenses are

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Horizontal analysis (trend analysis) percentages for Phoenix Company's sales revenue, cost of goods sold, and expenses are listed here.

Explain whether Phoenix's net income increased, decreased, or remained unchanged over the 3-year period.

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Accounting Tools for Business Decision Making

ISBN: 978-1118096895

6th edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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Question Posted: Aug 24, 2016 02:06 AM

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Horizontal analysis (trend analysis) percentages for Phoenix Company's sales revenue, cost of goods sold, and expenses are

Question:

Horizontal Analysis Sales revenue Cost of goods sold Expenses 2017 96.2% 101.0 105.6 2016 104.8% 98.0 95.4 2015 100.0% 100.0 100.0

Step by Step Answer:

Comparing the percentages presented results in the following conclusions T...View the full answer

Accounting Tools for Business Decision Making

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