Horizontal analysis (trend analysis) percentages for Epstein Company\'s sales, c
ID: 2377788 • Letter: H
Question
Horizontal analysis (trend analysis) percentages for Epstein Company's sales, cost of goods sold, and expenses are shown below.
Did Epstein's net income increase, decrease, or remain unchanged over the 3-year period?
Horizontal Analysis 2011 2010 2009 Sales 96.2 106.8 100.0 Cost of goods sold 102.0 97.0 100.0 Expenses 109.6 98.4 100.0 Horizontal analysis (trend analysis) percentages for Epstein Company's sales, cost of goods sold, and expenses are shown below. Did Epstein's net income increase, decrease, or remain unchanged over the 3-year period?Explanation / Answer
Horizontal analysis (trend analysis) percentages for Epstein Company's sales, cost of goods sold, and expenses are shown below. Horizontal Analysis 2011 2010 2009 Sales 96.2 106.8 100.0 Cost of goods sold 102.0 97.0 100.0 Expenses 109.6 98.4 100.0 Did Epstein's net income increase, decrease, or remain unchanged over the 3-year period? From 2009 to 2010 increaseddecreasedremain unchanged From 2010 to 2011 increasedremain unchangeddecreased Click here if you would like to Show Work for this question Question Attempts: 0 of 3 used Copyright
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