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A User Has Decided to Perform a Horizontal Analysis of Nanton

question 4

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A user has decided to perform a horizontal analysis of Nanton Company.The year 2012 is used as the base year.Sales in 2012 were $4,250,000.Sales in 2013 and 2014 were $5,788,000 and $6,125,000, respectively.The trend data amount for 2014 for sales would be closest to?


Definitions:

Local Broker

A brokerage firm that operates in a specific geographic area and may specialize in trading securities for local clients.

Specialist

An official in a stock exchange. The specialist is assigned the stocks of specific companies and is responsible for conducting an orderly market in those securities.

Primary Market

The market where new securities are issued and sold for the first time, directly from the issuer to investors.

First-Time Issues

Refers to the initial offering of securities or stocks to the public by a company.

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