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

question 141

Essay

Horizontal analysis (trend analysis) percentages for Omega Company's sales, cost of goods sold, and expenses are listed here. $\begin{array}{lccl}\text { Horizontal Analysis }&2015&2014&2013\\\hline \text { Sales revenue } & 98.2 \% & 104.8 \% & 100.0 \% \\\text { Cost of goods sold } & 103.1 & 97.5 & 100.0 \\\text { Expenses } & 108.6 & 96.4 & 100.0\end{array}$ Instructions
Explain whether Omega's net income increased, decreased, or remained unchanged over the 3-year period.

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