Jack Corporation Uses Horizontal Analysis to Compare Its Income Statement

question 55

Multiple Choice

Jack Corporation uses horizontal analysis to compare its income statement from year to year. Jack Corporation reported the following data last year as well as the percent change when compared to the current year: What is the Cost of Goods Sold in the current year?

• A)$178,218
• B)$181,800
• C)$185,000
• D)$192,600

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