Question: Prepare a horizontal analysis using 2020 as the base year, using the following chart: 2021 2020 Dollar Change Percent Change Net sales $600,000 $500,00

Prepare a horizontal analysis using 2020 as the base year, using the

Prepare a horizontal analysis using 2020 as the base year, using the following chart: 2021 2020 Dollar Change Percent Change Net sales $600,000 $500,00 0 Cost of goods 483,000 420,000 sold Gross profit 117,000 80,000 Operating 57,200 44,000 expenses Net income $59,800 $36,000

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