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The following items were taken from the financial statements of Horace, Inc., over a three-year period: Not yet an Marked ou Rag que Item 2011

The following items were taken from the financial statements of Horace, Inc., over a three-year period: Not yet an Marked ou Rag que Item 2011 2010 2009 Net Sales $355,000 $330,000 $300,000 Cost of Goods Sold Gross Profit 214,000 $141.000 202.000 $128,000 $114.000 186.000 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. A- B

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