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Problem -
Sales year 2: $198,000, year 1: $165,500
Total Operating expenses year 2: 163,000, year 1: 147,500
Net income year 2: 35,000, year 1: 18,000
Using horizontal analysis, calculate the amount and percent change for sales. Round percentages to one decimal place.
$(32,500), (16.4)%
$32,500, 16.4%
$32,500, 19.6%
$(32,500), (19.6)%
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