The following is a summary of information presented on the financial statements of a company on December 31,2019.
With respect to net income,a horizontal analysis reveals ________.(Round your answer to two decimal places. )
Definitions:
Allocates Resources
the process of distributing available resources among various uses to achieve optimal outcomes or objectives.
Economic Freedom
The degree to which individuals and businesses can make economic decisions without government intervention.
Central Planning
A system where the government or a centralized authority makes all decisions about the production and distribution of goods and services.
Industry Output
The total production of goods and services by all firms in a particular industry over a specific time period.
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