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Cornerstone Exercise 12-47 Time Series Analysis Time series analysis involves comparing a company's income statement and balance sheet for the current year to its previous
Cornerstone Exercise 12-47 Time Series Analysis Time series analysis involves comparing a company's income statement and balance sheet for the current year to its previous years' income statements and balance sheets. Required: Is it always bad if a company's cost of goods sold is increasing from year to year? No, because the cost of sales could be increasing due to an increase ending inventory an increase in expenses an increase in sales
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