Comparative information taken from the Carson Company financial statements is shown below:
Instructions
Using horizontal analysis, show the percentage change from 2011 to 2012 with 2011 as the base year.
Definitions:
Operating Activities
Activities related to the core business operations of a company, including production, sales, and delivery of the company's products and services.
Net Income
The total profit of a company after all expenses, including taxes and operating costs, have been deducted from total revenue.
Accumulated Depreciation
The cumulative depreciation of an asset up to a single point in its life, reflecting wear and tear over time.
Cash Dividends
Payments made by a corporation to its shareholder members, distributing a portion of the company's earnings.
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