Horizontal analysis (trend analysis) percentages for Staas Company's sales cost of goods sold and expenses are listed here. $\begin{array}{lccl}
\underline{\text { Horizontal Analysis }} & \underline{2017 }& \underline{2016} & \underline{ 2015}\
\text { Sales } & 98.2 \% & 104.8 \% & 100.0 \% \
\text { Cost of goods sold } & 102.5 & 98.0 & 100.0 \
\text { Expenses } & 108.6 & 96.4 & 100.0
\end{array}$ Instructions
Explain whether Staas' net income increased decreased or remained unchanged over the 3-year period.

Question

Horizontal analysis (trend analysis) percentages for Staas Company's sales cost of goods sold and expenses are listed here. $\begin{array}{lccl}
 \underline{\text { Horizontal Analysis }} &  \underline{2017 }&  \underline{2016} & \underline{ 2015}\
\text { Sales } & 98.2 \% & 104.8 \% & 100.0 \% \
\text { Cost of goods sold } & 102.5 & 98.0 & 100.0 \
\text { Expenses } & 108.6 & 96.4 & 100.0
\end{array}$ Instructions
Explain whether Staas' net income increased decreased or remained unchanged over the 3-year period.

Quizplus · Accepted Answer

The Answer of Horizontal analysis (trend analysis) percentages for Staas Company's sales cost of goods sold and expenses are listed here. $\begin{array}{lccl}
 \underline{\text { Horizontal Analysis }} &  \underline{2017 }&  \underline{2016} & \underline{ 2015}\
\text { Sales } & 98.2 \% & 104.8 \% & 100.0 \% \
\text { Cost of goods sold } & 102.5 & 98.0 & 100.0 \
\text { Expenses } & 108.6 & 96.4 & 100.0
\end{array}$ Instructions
Explain whether Staas' net income increased decreased or remained unchanged over the 3-year period.

Horizontal Analysis (Trend Analysis) Percentages for Staas Company's Sales Cost