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Using the following operating data for Complex Corporation, illustrate horizontal analysis. HORIZONTAL ANALYSIS 2017 2016 2017 2016 Net sales Cost of goods sold Operating expenses

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Using the following operating data for Complex Corporation, illustrate horizontal analysis. HORIZONTAL ANALYSIS 2017 2016 2017 2016 Net sales Cost of goods sold Operating expenses Net income $350,000 $300,000 240,000 80,000 30,000 160,000 120,000 20,000

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