Financial Accounting:  BE15-7 Horizontal analysis (trend analysis) percentages for Epstein Company

Financial Accounting: BE15-7 Horizontal analysis (trend analysis) percentages for Epstein Company

Financial Accounting

BE15-7
Horizontal analysis (trend analysis) percentages for Epstein Company's sales, cost of goods sold, and expenses are shown below.
Horizontal Analysis 2011 2010 2009
Sales 96.2 106.8 100.0
Cost of goods sold 102.0 97.0 100.0
Expenses 109.6 98.4 100.0

Did Epstein's net income increase, decrease, or remain unchanged over the 3-year period?
Financial Accounting: BE15-7 Horizontal analysis (trend analysis) percentages for Epstein Company
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