How Is the Percentage Change (For Horizontal Analysis)for Sales from 2014

question 79

Multiple Choice

How is the percentage change (for horizontal analysis) for sales from 2014 to 2015 computed?

• A)Year 2015 sales ÷ Year 2014 sales
• B)(Year 2015 sales - Year 2014 sales)÷ Year 2014 sales
• C)(Year 2015 sales - Year 2014 sales)÷ Year 2015 sales
• D)(Year 2015 sales ÷ Year 2014 sales)× 100

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Definitions:

Par Value

The nominal or face value of a stock or bond as stated by the issuing company, not necessarily reflecting its market value.

Statutory Restriction

Legal limitations or constraints, often imposed by law, that dictate how an organization can operate or use certain resources.

Contractual Restriction

A limitation or condition explicitly outlined in a contract that dictates the actions that parties to the contract are obligated to follow or are prohibited from taking.

Income Statement

A financial statement that shows a company's revenues, expenses, and net income over a specific period, providing insights into its profitability and operational efficiency.