2013 2014 2015 Total Revenue 1,000,000 950,000 850,500 Cost of Sales (direct expenses) 104,000 110,000 115,000 Wages and Benefits 395,000 395,000 396,000 Cost of Goods Sold 499,000 505,000 511,000 Operating/Indirect Expenses Rent 27,000 30,000 32,500 Advertising 19,800 18,000 18,000 Total Operating Expenses 46,800 48,000 50,500 Net Profit/Loss 454,200 397,000 289,000 Question content area bottom Part 1 Doing a horizontal analysis of this financial statement, you are most concerned about" A. Revenues B. Cost of goods sold C. Cost of goods sold and revenues D. Changes in profitability

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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2013
2014
2015
Total Revenue
1,000,000
950,000
850,500
Cost of Sales
(direct expenses)
104,000
110,000
115,000
Wages and Benefits
395,000
395,000
396,000
Cost of Goods Sold
499,000
505,000
511,000
Operating/Indirect Expenses
Rent
27,000
30,000
32,500
Advertising
19,800
18,000
18,000
Total Operating Expenses
46,800
48,000
50,500
Net Profit/Loss
454,200
397,000
289,000
Question content area bottom
Part 1
Doing a horizontal analysis of this financial statement, you are most concerned about"
A.
Revenues
B.
Cost of goods sold
C.
Cost of goods sold and revenues
D.
Changes in profitability
Transcribed Image Text:2013 2014 2015 Total Revenue 1,000,000 950,000 850,500 Cost of Sales (direct expenses) 104,000 110,000 115,000 Wages and Benefits 395,000 395,000 396,000 Cost of Goods Sold 499,000 505,000 511,000 Operating/Indirect Expenses Rent 27,000 30,000 32,500 Advertising 19,800 18,000 18,000 Total Operating Expenses 46,800 48,000 50,500 Net Profit/Loss 454,200 397,000 289,000 Question content area bottom Part 1 Doing a horizontal analysis of this financial statement, you are most concerned about" A. Revenues B. Cost of goods sold C. Cost of goods sold and revenues D. Changes in profitability
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