Question: What conclusions can be drawn from the horizontal analysis? Costco Vertical Analysis Income Statement 2017 2018 2016 Amount Percent Percent 100% 87% Amount Percent Amount

What conclusions can be drawn from the horizontal analysis?
Costco Vertical Analysis Income Statement 2017 2018 2016 Amount Percent Percent 100% 87% Amount Percent Amount 129.025 100% 141.576 118,719 100% Revenue Cost of goods sold Gross profit Net income 87% 102,901 2% 3134 2% 2,679 2% 2,350
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