Horizontal analysis (trend analysis) percentages for Algy Company?s sales, cost of goods sold, and expenses are shown

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Horizontal analysis (trend analysis) percentages for Algy Company?s sales, cost of goods sold, and expenses are shown below.

Did Algy?s net income increase, decrease, or remain unchanged over the 3-year period?

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Accounting Principles

ISBN: 978-0470534793

10th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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Question Posted: Oct 28, 2011 06:00 AM

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Horizontal analysis (trend analysis) percentages for Algy Company?s sales, cost of goods sold, and expenses are shown

Question:

Horizontal Analysis 2013 96.2 102.0 109.6 2012 2011 100.0 100.0 Sales Cost of goods sold Expenses 106.8 97.0 98.4 100.0

Step by Step Answer:

Comparing the percentages presented results in the following conclusions T...View the full answer

Accounting Principles

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