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.

Horizontal Analysis 2019 2018 2017

Sales revenue........................96.2%............104.8%...........100.0%

Cost of goods sold..................101.0.............98.0...........100.0

Expenses.................................105.6..............95.4...........100.0

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

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Financial Accounting

ISBN: 978-1119305736

10th edition

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

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Question Posted: Mar 29, 2017 11:56 AM

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

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

Financial Accounting

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