Time series analysis involves comparing a companys income statement and balance sheet for the current year to

Question:

Time series analysis involves comparing a company’s income statement and for the current year to the its previous years’ income statements and balance sheets.

Required:
Explain whether it is always bad if a company’s cost of goods sold is increasing from year to year.

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...