Question: Problem #1 (Adapted) - Horizontal Analysis The following data relate to Alpha Company: 2018 2017 Sales P500,000 P400,000 Cost of Goods Sold 240,000 200,000 Gross

Problem #1 (Adapted) - Horizontal Analysis The following data relate to Alpha Company: 2018 2017 Sales P500,000 P400,000 Cost of Goods Sold 240,000 200,000 Gross Profit 260,000 200,000 160,000 120,000 2Operating Expenses Profit 100,000 80,000 Required: A. Compute the amount and percentage change for each item. B. Analyze and comment on the result of your computations

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