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Use V-O keys to navigate. Alex's Fine Cheese Corp.'s statement of comprehensive income for Year 10 and Year 11 is as follows: Year 11 Year
Use V-O keys to navigate. Alex's Fine Cheese Corp.'s statement of comprehensive income for Year 10 and Year 11 is as follows: Year 11 Year 10 Sales $ 1,545 $ 1,390 Cost of goods sold 815 905 Gross profit 730 485 Administrative expenses 160 140 Selling expenses 135 105 Profit or loss $ 435 $ 240 Using horizontal analysis, what is the increase or decrease in administrative expenses? A. 14% B. 14% C. 11% D. 0.4% Report an error
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