Horizontal analysis (trend analysis) percentages for Sunland Company's sales revenue, cost of goods sold, and expenses are listed here. Horizontal Analysis Net sales Cost of goods sold Expenses 2020 to 2021 2022 94.0 % 2021 to 2022 105.2 106.3 2021 108.7 % 94.2 94.9 2020 100.0 % Did Sunland's net income increase, decrease, or remain unchanged over the 3-year period? : 100.0 100.0

Horizontal analysis (trend analysis) percentages for Sunland Company's sales revenue, cost of goods sold, and expenses are listed here. Horizontal Analysis Net sales Cost of goods sold Expenses 2020 to 2021 2022 94.0 % 2021 to 2022 105.2 106.3 2021 108.7 % 94.2 94.9 2020 100.0 % Did Sunland's net income increase, decrease, or remain unchanged over the 3-year period? : 100.0 100.0

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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