Horizontal analysis (trend analysis) percentages for Kemplar Companys sales, cost of goods sold, and expenses are shown

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Horizontal analysis (trend analysis) percentages for Kemplar Company’s sales, cost of goods sold, and expenses are shown below.

Horizontal Analysis 2014 2013 2012 Sales 97.8 105.3 100.0 Cost of goods sold 103.0 96.0 100.0 Expenses 108.2 O93 100.0 Did Kemplar’s net income increase, decrease, or remain unchanged over the 3-year period?

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Financial Accounting

ISBN: 9780470929384

8th Edition

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

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