Answered step by step
Verified Expert Solution
Question
1 Approved Answer
If a company has total sales of $46,000 in 2023 and total sales of $9,000 in 2022, how would an analyst calculate the horizontal analysis
If a company has total sales of $46,000 in 2023 and total sales of $9,000 in 2022, how would an analyst calculate the horizontal analysis in dollars? Correct. The formula used to calculate the horizontal analysis of sales in dollars is the current year's sales minus the prior year's sales specifically, $46,000 $9,000.,($46,000 $9,000) x 100,$46,000 $9,000,($9,000 $46,000) x 100,$9,000 $46,000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started