Question
Prepare a horizontal analysis using 2020 as the base year, using the following chart: 2021 2020 Dollar Change Percent Change Net sales $600,000 $500,000 Cost
- Prepare a horizontal analysis using 2020 as the base year, using the following chart:
|
|
2021 |
2020 | Dollar Change | Percent Change |
| Net sales | $600,000 | $500,000 |
|
|
| Cost of goods sold | 483,000 | 420,000 |
|
|
| Gross profit | 117,000 | 80,000 |
|
|
| Operating expenses | 57,200 | 44,000 |
|
|
| Net income | $59,800 | $36,000 |
|
|
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Horngrens Accounting The Managerial Chapters
Authors: Tracie L. Miller-Nobles, Brenda L. Mattison, Ella Mae Matsumura
11th Global Edition
1292105879, 978-1292105871
