Horizontal analysis (trend analysis) percentages for Omega Company's sales, cost of goods sold, and expenses are listed here. $\begin{array}{lccl}\text { Horizontal Analysis }&2015&2014&2013\
\hline \text { Sales revenue } & 98.2 \% & 104.8 \% & 100.0 \% \
\text { Cost of goods sold } & 103.1 & 97.5 & 100.0 \
\text { Expenses } & 108.6 & 96.4 & 100.0
\end{array}$ Instructions
Explain whether Omega's net income increased, decreased, or remained unchanged over the 3-year period.

Question

Quizplus · Accepted Answer

The Answer of Horizontal analysis (trend analysis) percentages for Omega Company's sales, cost of goods sold, and expenses are listed here. $\begin{array}{lccl}\text { Horizontal Analysis }&2015&2014&2013\
\hline \text { Sales revenue } & 98.2 \% & 104.8 \% & 100.0 \% \
\text { Cost of goods sold } & 103.1 & 97.5 & 100.0 \
\text { Expenses } & 108.6 & 96.4 & 100.0
\end{array}$ Instructions
Explain whether Omega's net income increased, decreased, or remained unchanged over the 3-year period.

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