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Selected financial information for DMP Corp. for a six-year period follows: Required Required 1. Prepare a horizontal analysis to compare 2023 to 2022 . Which

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed Selected financial information for DMP Corp. for a six-year period follows: Required Required 1. Prepare a horizontal analysis to compare 2023 to 2022 . Which accounts increased the most? 2. Compute trend percentages for 2019 through 2023 , using 2018 as the base year. 3. From the above data, what can we infer about expenses from 2018 through 2023? (Hint: Sales less net income will give amount of expenses. Compare the rate of growth in expenses to that of sales.) Compared to sales, expenses are: A. increasing more quickly B. increasing more slowly C. decreasing more quickly D. decreasing more slowly Which accounts increased the most? A. Net sales and shareholders' equity because their dollar changes were highest. B. Net sales and net income because their dollar changes were lowest. C. Net sales and shareholders' equity because their ending balances were highest. D. Net income and shareholders' equity because their percentage changes were highest. Requirement 2. Compute trend percentages for 2019 through 2023, using 2018 as the base year. (Round answers to the nearest whole percentage, \mathrmX. Requirement 3. From the above data, what can we infer about expenses from 2018 through 2023 ? (Hint: Sales less net income will give amount of expenses. Compare the rate of growth in expenses to that of sales.) (Round percentages to the nearest whole percentage, \mathbfX.)

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