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

Horizontal Analysis 2014 2013 2012 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 Roswell’s net income increased, decreased, or remained unchanged over the 3-year period.AppendixLO1