Question: =+a. Prepare a horizontal analysis for the income statement showing the amount and percent of change in each of the following: 1. Sales 2. Cost

=+a. Prepare a horizontal analysis for the income statement showing the amount and percent of change in each of the following:

1. Sales 2. Cost of sales 3. Selling, general, and administative expenses 4. Operating income (loss)

b. Comment on the results of your horizontal analysis in part (a).

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