Horizontal analysis (trend analysis) percentages for Spartan Company’s sales, cost of goods sold, and expenses are listed here. Horizontal Analysis
2012 2011 2010 Sales 96.2 % 104.8 % 100.0 % Cost of goods sold 101.0 98.0 100.0 Expenses 105.6 95.4 100.0 Explain whether Spartan’s net income increased, decreased, or remained unchanged over the 3-year period
