Horizontal analysis (trend analysis) percentages for Phoenix Company's sales revenue, cost of goods sold, and expenses are
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Horizontal analysis (trend analysis) percentages for Phoenix Company's sales revenue, cost of goods sold, and expenses are listed here.
Explain whether Phoenix's net income increased, decreased, or remained unchanged over the 3-year period.
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Horizontal Analysis Net sales Cost of goods sold Expenses 2022 96.2% 101.0 105.6 2021 104.8% 98.0 95.4 2020 100.0% 100.0 100.0
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Related Book For
Accounting Principles
ISBN: 9781119707110
14th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Jill E. Mitchell
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