Max's Tire Center Company
Selected data from the financial statements of Max's Tire Center are provided below.
- Refer to the selected data provided for Max's Tire Center. Which of the following would result from a horizontal analysis of Max's income statement?
A) Net sales increased by $10,000 or 2.78% during 2012.
B) Net sales increased by $2,300 or 10.0% during 2012.
C) Net sales is $360,000 in 2012.
D) Net sales decreased by $2,300 or 10.0% during 2012.
Correct Answer:
Verified
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