A horizontal analysis of a company's sales resulted in a $1.5 million increase, which equaled a percentage
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Interpret the dollar change and percentage change and identify which item(s) from the following list would potentially explain the results of the analysis.
a. A sales promotion was highly successful.
b. A manufacturing plant was offline for much of the year due to maintenance.
c. The company opened several new stores.
d. The company lost market share to a new competitor.
e. The company issued $1.5 million of stock during the year.
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Either a or c could explain the 228 increase in sales rev...View the full answer
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