Horizontal analysis (trend analysis) percentages for Olympic Company’s sales, cost of goods sold, and expenses are listed here.
|
Horizontal Analysis |
2010 |
2009 |
2008 |
|
Sales |
96.2% |
104.8% |
100.0% |
|
Cost of goods sold |
102.0 |
97.0 |
100.0 |
|
Expenses |
105.6 |
95.4 |
100.0 |
Explain whether Olympic’s net income increased, decreased, or remained unchanged over the 3 year period.