Solution-Calculate the horizontal percentage of a base-year

Calculate the horizontal percentage of a base-year amount

Reference no: EM132769414

Question - The statement of income for Granger Ltd. is shown below:

	2021	2020	2019
Sales	$1,615	$391	$1,192
Cost of goods sold	901	755	602
Gross profit	714	636	590
Operating expenses	523	411	400
Income from operations	191	225	190
Interest expense	81	50	40
Income before income tax	110	175	150
Income tax expense	25	44	38
Net income	$85	$131	$112

Required - Using horizontal analysis, calculate the horizontal percentage of a base-year amount, assuming 2019 is the base year.

Reference no: EM132769414

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Calculate the horizontal percentage of a base-year amount

Reference no: EM132769414

Reference no: EM132769414

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