horizontal analysis trend analysis percentages for spartan company s sales cost of g 535489
Horizontal analysis (trend analysis) percentages for Spartan Company”s sales, cost of goods sold, and expenses are listed here.
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|
Horizontal Analysis |
2012 |
2011 |
2010 |
|
Sales |
96.2% |
104.8% |
100.0% |
|
Cost of goods sold |
101.0 |
98.0 |
100.0 |
|
Expenses |
105.6 |
95.4 |
100.0 |
Explain whether Spartan”s net income increased, decreased, or remained unchanged over the 3-year period.
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