Horizontal Analysis (Trend Analysis) Percentages for Omega Company's Sales, Cost

question 249

Essay

Horizontal analysis (trend analysis) percentages for Omega Company's sales, cost of goods sold, and expenses are listed here. Instructions
Explain whether Omega's net income increased, decreased, or remained unchanged over the 3-year period.

---

Definitions:

Reducing Atmosphere

An atmospheric condition in which oxygen is scarce, favoring chemical reactions that reduce compounds.

Primitive Gases

Refers to the basic or primordial gaseous elements present in the earth's early atmosphere or in cosmic environments, often including hydrogen and helium.

Oxygen

A chemical element with symbol O, essential for respiration in most living organisms and required for combustion in fires.

Nobel Prize In Chemistry

An annual award recognizing outstanding contributions to the field of chemistry, one of the Nobel Prizes established by the will of Alfred Nobel.