Horizontal analysis (trend analysis) percentages for Spartan Company's sales, cost of goods sold, and expenses are listed
Question:
Horizontal analysis (trend analysis) percentages for Spartan Company's sales, cost of goods sold, and expenses are listed here.
Explain whether Spartan's net income increased, decreased, or remained unchanged over the 3-year period.
Horizontal Analysis Sales Cost of goods sold Expenses 2012 2010 2011 96.2% 104.8% 98.0 100.0% 101.0 105.6 95.4 100.0
Step by Step Answer:
Comparing the percentages presented results in the following conclusions T...View the full answer
Financial Accounting Tools for business decision making
ISBN: 978-0470534779
6th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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