Horizontal analysis (trend analysis) percentages for Epstein Companys sales, cost of goods sold, and expenses are shown
Question:
Horizontal analysis (trend analysis) percentages for Epstein Company’s sales, cost of goods sold, and expenses are shown below.
Did Epstein’s net income increase, decrease, or remain unchanged over the 3-year period?
Horizontal Analysis Sales Cost of goods sold Expenses 2010 106.8 97.0 2009 2011 96.2 102.0 109.6 100.0 100.0 98.4 100.0
Step by Step Answer:
Comparing the percentages presented results in the following conclusions T...View the full answer
Accounting Principles
ISBN: 978-0470533475
9th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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