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Perform horizontal analysis on date and interpret results

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Reference no: EM132437756

Question - The following data are taken from the records of Cronkite Corp.:

 

2019

2018

Sales

$2,520

$1,440

Cost of goods sold

1,890

960

Gross profit

630

480

Other expenses

510

430

Net income

$120

$50

Required: Perform horizontal analysis on the above date and interpret your results.

Reference no: EM132437756

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