The income statement of a corporation shows the following balance in Sales Revenue for the years 2017, 2016, and 2015. 2017: $676,000 2016: $625,000 2015: $610,000 Performing horizontal analysis on Sales Revenue would result in what percentage change for 2017? (Round to two decimal places.) 8% 108% 2% 11%
The income statement of a corporation shows the following balance in Sales Revenue for the years 2017, 2016, and 2015. 2017: $676,000 2016: $625,000 2015: $610,000 Performing horizontal analysis on Sales Revenue would result in what percentage change for 2017? (Round to two decimal places.) 8% 108% 2% 11%
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
The income statement of a corporation shows the following balance in Sales Revenue for the years 2017, 2016, and 2015.
2017: $676,000
2016: $625,000
2015: $610,000
Performing horizontal analysis on Sales Revenue would result in what percentage change for 2017? (Round to two decimal places.)
|
8% |
||
|
108% |
||
|
2% |
||
|
11% |
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