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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Horizontal analysis (trend analysis) percentages for Spartan Company’s sales, cost of goods sold, and expenses are listed here.
| Horizontal Analysis | Â | 2012 | Â | 2011 | Â | 2010 | |||
| Sales | Â | 96.2 | % | Â | 104.8 | % | Â | 100.0 | % |
| Cost of goods sold | Â | 101.0 | Â | Â | 98.0 | Â | Â | 100.0 | Â |
| Expenses | Â | 105.6 | Â | Â | 95.4 | Â | Â | 100.0 | Â |
Explain whether Spartan’s net income increased, decreased, or remained unchanged over the 3-year period.
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