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Comparative income statements for the Wheeler Corporation for 2012 and 2011 report sales as $25 million and $20 million respectively. What would horizontal analysis of
Comparative income statements for the Wheeler Corporation for 2012 and 2011 report sales as $25 million and $20 million respectively. What would horizontal analysis of sales reveal?
| a. | Sales increased by 20% |
| b. | Sales increased by 25% |
| c. | Sales decreased by 20% |
| d. | Sales decreased by 25% |
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