Horizontal analysis (trend analysis) percentages for Epstein Companys sales, cost of goods sold, and expenses are shown

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

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

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

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Accounting Principles

ISBN: 978-0470533475

9th Edition

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

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