Question: E12-23B. Horizontal analysis (Learning Objective 2) 15-20 min. Below are net sales and net income data for a five-year period. Requirements 1. Compute trend percentages

E12-23B. Horizontal analysis (Learning Objective 2) 15-20 min. Below are net

E12-23B. Horizontal analysis (Learning Objective 2) 15-20 min. Below are net sales and net income data for a five-year period. Requirements 1. Compute trend percentages for net sales and net income for the five-year period, using year 1 as the base year. Round to the nearest percent. 2. Which grew faster during the period: net sales or net income

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