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-Which of the Following Would Result from a Horizontal Analysis

Question 52

Multiple Choice

-Which of the following would result from a horizontal analysis of Robbins Corporation's income statement? A) Cost of goods sold increased $40,000 or 19.05% during 2017 B) Accounts receivable is 7.78% of total assets for 2017. C) Gross margin is 40.48% of net sales for 2017. D) Cost of goods sold is 59.52% of net sales for 2017.
-Which of the following would result from a horizontal analysis of Robbins Corporation's income statement?


A) Cost of goods sold increased $40,000 or 19.05% during 2017
B) Accounts receivable is 7.78% of total assets for 2017.
C) Gross margin is 40.48% of net sales for 2017.
D) Cost of goods sold is 59.52% of net sales for 2017.

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