Question: : Based on the data below, use horizontal analysis to compute the percentage increase from Year 2020 to Year 2021 for Net Sales and Net

  1. : Based on the data below, use horizontal analysis to compute the percentage increase from Year 2020 to Year 2021 for Net Sales and Net Income

Year 2020:

Net Sales = $600,000

Net Income = $80,000

Year 2021:

Net Sales = $710,000

Net Income = $95,000

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