Examlex

Solved

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

question 144

Essay

Horizontal analysis (trend analysis) percentages for Watson Company's sales, cost of goods sold, and expenses are listed here.  Horizontal Analysis 201520142013 Sales revenue 98.2%104.8%100.0% Cost of goods sold 102.598.0100.0 Expenses 108.696.4100.0\begin{array}{lccl}\text { Horizontal Analysis }&2015&2014&2013\\\text { Sales revenue } & 98.2 \% & 104.8 \% & 100.0 \% \\\text { Cost of goods sold } & 102.5 & 98.0 & 100.0 \\\text { Expenses } & 108.6 & 96.4 & 100.0\end{array} Instructions
Explain whether Watson's net income increased, decreased, or remained unchanged over the 3-year period.


Definitions:

Related Questions