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The following items were taken from the financial statements of Horace, Inc., over a three-year period: Time le Questom Not yet Marked Flag Item Net
The following items were taken from the financial statements of Horace, Inc., over a three-year period: Time le Questom Not yet Marked Flag Item Net Sales 2011 $355,000 2010 2009 $330,000 $300,000 Cost of Goods Sold 214,000 Gross Profit 202,000 $141.000 $128,000 186,000 $114.000 Instructions Compute the following for each of the above time periods. a. The amount and percentage change from 2009 to 2010. b. The amount and percentage change from 2010 to 2011. D
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