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The following data are taken from the records of Cronkite Corp.: Sales Cost of goods sold Gross profit Other expenses Net income 2019 $2,520 1.890
The following data are taken from the records of Cronkite Corp.: Sales Cost of goods sold Gross profit Other expenses Net income 2019 $2,520 1.890 630 510 $ 120 2018 $1,440 960 480 430 $ 50 Required: Perform horizontal analysis on the above date and interpret your results
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