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Comparative Information Taken from the Friction Company's Financial Statements Is

Question 165

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Comparative information taken from the Friction Company's financial statements is shown below: Comparative information taken from the Friction Company's financial statements is shown below: Using horizontal analysis, show the percentage change and direction (increase or decrease) from Year 1 to Year 2 with Year 1 as the base year. Using horizontal analysis, show the percentage change and direction (increase or decrease) from Year 1 to Year 2 with Year 1 as the base year.

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