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

question 15

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:

Legal Action

The process of seeking recourse or justice through the court system, typically involving lawsuits or litigation.

Construction Project

A comprehensive plan of construction from the beginning to the end involving any form of building or assembly.

Duty To Disclose

A legal obligation to reveal pertinent information in transactions or agreements.

Utmost Good Faith

A legal doctrine requiring parties to act with honesty and not mislead or withhold critical information from one another.