Question: BE14.9 (LO 2), AN Writing Horizontal analysis (trend analysis) percentages for Phoenix Company's Analyze change in ner income. sales revenue, cost of goods sold, and
BE14.9 (LO 2), AN Writing Horizontal analysis (trend analysis) percentages for Phoenix Company's Analyze change in ner income. sales revenue, cost of goods sold, and expenses are listed here Horizontal Analysis2020 Sales revenue Cost of goods sold Expenses 96.2% 101.0 105.6 2019 104.8% 98.0 95.4 2018 100.0% 100.0 100.0 Explain whether Phoenix's net income increased, decreased, or remained unchanged over the 3-year period
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