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Assume the following COGS data for a company over time: 2014: $1,680,000 2013: $1,400,000 2012: $1,200,000 In Horizontal (or Trend) Analysis, if 2012 is the

Assume the following COGS data for a company over time:

2014: $1,680,000

2013: $1,400,000

2012: $1,200,000

In Horizontal (or Trend) Analysis, if 2012 is the base year, what is the percentage increase in the COGS from 2012 to 2014?

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