Homework Answers
Horizontal analysis formula =
[(Amount in comparison Year - Amount in base year) / Amount in base year] * 100
Amount in comparison Year 2019 (sales revenue) = $607,000
Amount in base year 2018 (Sales revenue) = $500,000
= [($607,000 - $500,000) / $500,000] *100
= 21.40%
So, Net sales revenue increases by 21.40%
Option 'C' is correct
A 21.40% increase in Net sales Revenue
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Please explain.
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