Horizontal analysis (trend analysis) percentages for Sunland Company's sales revenue, cost of goods sold, and expenses are listed 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 Did Sunland's net income increase, decrease, or remain unchanged over the 3-year period? 100.0 % 100.0 100.0

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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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
2021 to 2022
94.0 %
105.2
106.3
2021
108.7 % 100.0 %
94.2
2020
94.9
100.0
Did Sunland's net income increase, decrease, or remain unchanged over the 3-year period?
100.0
Transcribed Image Text: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 2021 to 2022 94.0 % 105.2 106.3 2021 108.7 % 100.0 % 94.2 2020 94.9 100.0 Did Sunland's net income increase, decrease, or remain unchanged over the 3-year period? 100.0
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