$2013$

$2014$

$2015$

Total Revenue

$1,000,000$

$950,000$

$850,500$

Cost of Sales

$($direct expenses$)$

$104,000$

$110,000$

$115,000$

Wages and Benefits

$395,000$

$395,000$

$396,000$

Cost of Goods Sold

$499,000$

$505,000$

$511,000$

$$Operating$/$Indirect Expenses

Rent

$27,000$

$30,000$

$32,500$

Advertising

$19,800$

$18,000$

$18,000$

Total Operating Expenses

$46,800$

$48,000$

$50,500$

Net$$ Profit$/$Loss

$454,200$

$397,000$

$289,000$

Question content area bottom

Part $1$

Doing a horizontal analysis of this financial$$ statement, you are most concerned$$ about"

A$.$

Cost of goods sold and revenues

B$.$

Revenues

C$.$

Cost of goods sold

D$.$

Changes in profitability