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. $\begin{array}{lccl}\text { Horizontal Analysis }&2015&2014&2013\\\text { Sales revenue } & 98.2 \% & 104.8 \% & 100.0 \% \\\text { Cost of goods sold } & 102.5 & 98.0 & 100.0 \\\text { Expenses } & 108.6 & 96.4 & 100.0\end{array}$ Instructions
Explain whether Watson's net income increased, decreased, or remained unchanged over the 3-year period.

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Definitions:

Changing Gender Roles

The evolving expectations and behaviors considered appropriate for men and women, reflecting shifts in societal norms, values, and opportunities.

Divorce

The legal dissolution of a marriage by a court or other competent body, ending legal duties and responsibilities of marriage.

Social Integration

The social bonds that people have with others and the community at large.

Demographic Stability

A situation where the population size and composition of a region remain relatively constant over time.