Rick's Net Sales Decreased from $90,000 in Year 1 to $45,000

question 104

Essay

Rick's net sales decreased from $90,000 in year 1 to $45,000 in year 2 and its cost of goods sold decreased from $30,000 in year 1 to $20,000 in year 2. Using vertical analysis based on sales , what percentages would show for the decreases in cost of goods sold for the two periods (rounded to nearest tenth of a percent)? Using horizontal analysis, what would be the percentage change for sales and cost of goods sold?

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Definitions:

Treatment Group Members

Individuals who are part of a designated group receiving a specific treatment or intervention in the context of a research study or therapeutic program.

Task Group Members

Individuals who are part of a group formed with the specific purpose of completing a defined task or achieving a particular objective.

Termination

The process of ending a professional relationship or service, usually after achieving set goals or due to other circumstances.

Follow-up

The act of checking in or reviewing a situation, person, or process after an initial interaction or event to ensure outcomes are satisfactory or to continue support.