Analysis of net income


Response to the following problem:

Horizontal analysis (trend Analysis) percentages for Spartan Company's sales, cost of goods sold, ad expenses are listed here:

Horizontal Analysis              2012            2011              2010

Sales                               96.2%           104.8%           100.0%

Cost of good sols             01.0               98.0               100.0

Expenses                          05.6              95.4               100.0

Explain whether Spartan's net income increased, decreased, or remained unchanged over the 3-year period.

 

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Financial Accounting: Analysis of net income
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