Horizontal analysis (trend analysis) percentages for Phoenix Company's sales revenue, cost of goods sold, and expenses are
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Explain whether Phoenix's net income increased, decreased, or remained unchanged over the 3-year period.
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Horizontal Analysis Sales revenue Cost of goods sold Expenses 2017 96.2% 101.0 105.6 2016 104.8% 98.0 95.4 2015 100.0% 100.0 100.0
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Comparing the percentages presented results in the following conclusions T...View the full answer
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Related Book For
Accounting Tools for Business Decision Making
ISBN: 978-1118096895
6th edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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