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

question 86

Essay

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

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Definitions:

Shares

Units of ownership in a company or financial asset, giving shareholders a portion of the company's profits and voting rights.

PST

Depending on the context, this could stand for Pacific Standard Time, which is the time zone observed on the west coast of the United States, or Provincial Sales Tax, a tax imposed by some Canadian provinces.

GST

Goods and Services Tax; a value-added tax levied on most goods and services sold for domestic consumption.

Mill Rate

A property tax rate expressed in tenths of a cent, applying to the assessed value of property.