Reimer Company reports the following data: 2019 2018 100% 100% Sales Cost of Goods Sold 21% 11% Gross Profit 79% 89% Operating Expenses 45% 35% Net Income 34% 54% When evaluating the results of operations, what can be said about Reimer Company? O A. Using horizontal analysis, the company's profitability declined in 2019. B. Using horizontal analysis, the company's profitability declined in 2018. OC. Using vertical analysis, the company's profitability declined in 2018. OD. Using vertical analysis, the company's profitability declined in 2019.

Reimer Company reports the following data: 2019 2018 100% 100% Sales Cost of Goods Sold 21% 11% Gross Profit 79% 89% Operating Expenses 45% 35% Net Income 34% 54% When evaluating the results of operations, what can be said about Reimer Company? O A. Using horizontal analysis, the company's profitability declined in 2019. B. Using horizontal analysis, the company's profitability declined in 2018. OC. Using vertical analysis, the company's profitability declined in 2018. OD. Using vertical analysis, the company's profitability declined in 2019.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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