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1. Prepare the horizontal analysis for net sales revenue, cost of goods sold, and gross profit (i.e. percent change and direction of the change) 2.

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1. Prepare the horizontal analysis for net sales revenue, cost of goods sold, and gross profit (i.e. percent change and direction of the change) 2. What does your analysis tell you about the company's performance? (Hint what is driving the change in gross profit?) Show all work to receive partial credit. If you plan to submit scrap paper, type "scrap paper" below

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