Horizontal analysis (trend analysis) percentages for Olympic Companys sales, cost of goods sold, and expenses are listed
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Explain whether Olympics net income increased, decreased, or remained unchanged over the 3-yearperiod.
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20102009 Horizontal Analysis Sales Cost of goods sold Expenses 104.8% 97.0 95.4 2008 100.0% 100.0 100.0 96.290 102.0 105.6
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Comparing the percentages presented results in the following conclusions T...View the full answer
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Financial Accounting Tools for Business Decision Making
ISBN: 978-0470239803
5th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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