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Using the Following Operating Data for Complex Corporation Illustrate Horizontal

question 114

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Using the following operating data for Complex Corporation illustrate horizontal analysis. 20172016 Net sales $350,000$300,000 Cost of goods sold 240,000160,000 Operating expenses 80,000120,000 Net income 30,00020,000\begin{array} { l r r r } & { 2017 } & { 2016 } \\\text { Net sales } & \$ 350,000 & \$ 300,000 \\\text { Cost of goods sold } & 240,000 & 160,000 \\\text { Operating expenses } & 80,000 & 120,000 \\\text { Net income } & 30,000 & 20,000\end{array}

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