Question: Using the following operating data for Complex Corporation, illustrate horizontal analysis. HORIZONTAL ANALYSIS 2017 2016 2017 2016 Net sales Cost of goods sold Operating expenses

Using the following operating data for Complex Corporation, illustrate horizontal analysis. HORIZONTAL ANALYSIS 2017 2016 2017 2016 Net sales Cost of goods sold Operating expenses Net income $350,000 $300,000 240,000 80,000 30,000 160,000 120,000 20,000

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