Question: What conclusions can be drawn from the horizontal analysis? Round the answers to one decimal place. The net income for Winthrop Company increased by

What conclusions can be drawn from the horizontal analysis? Round the answers to one decimal place. The net income for Winthrop Company increased by in cost of goods sold. % between years. This increase was the combined result of an in sales of The cost of goods sold increased at a rate than the increase in sales, thus causing the percentage increase in gross profit to be than the percentage increase in sales. % and percentage

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