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Horizontal analysis (trend analysis) percentages for Spartan Company's sales, cost

Horizontal analysis (trend analysis) percentages for Spartan Company's sales, cost of goods sold, and expenses are listed

Question:

Horizontal analysis (trend analysis) percentages for Spartan Company's sales, cost of goods sold, and expenses are listed here.

Explain whether Spartan's net income increased, decreased, or remained unchanged over the 3-year period.

Transcribed Image Text:

Horizontal Analysis Sales Cost of goods sold Expenses 2012 2010 2011 96.2% 104.8% 98.0 100.0% 101.0 105.6 95.4 100.0

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Comparing the percentages presented results in the following conclusions T...View the full answer

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Question Posted: Sep 21, 2011 01:57 PM

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