Horizontal analysis (trend analysis) percentages for Carla Vista Company's net sales, cost of goods sold, and expenses are listed here. Horizontal Analysis 2022 2021 2020 Net sales 94.9 % 105.3 % 100.0 % Cost of goods sold 102.1 94.9 100.0 Expenses 105.2 95.0 100.0

Horizontal analysis (trend analysis) percentages for Carla Vista Company's net sales, cost of goods sold, and expenses are listed here. Horizontal Analysis 2022 2021 2020 Net sales 94.9 % 105.3 % 100.0 % Cost of goods sold 102.1 94.9 100.0 Expenses 105.2 95.0 100.0

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Horizontal analysis (trend analysis) percentages for Carla Vista Company's net sales, cost of goods sold, and expenses are listed here.
Horizontal Analysis
2022
2021
2020
Net sales
94.9 %
105.3 %
100.0 %
Cost of goods sold
102.1
94.9
100.0
Expenses
105.2
95.0
100.0
Did Carla Vista's net income increase, decrease, or remain unchanged over the 3-year period?
2020 to 2021
2021 to 2022

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