ACC 561 Week 3 Wileyplus Practice Quiz
2017 2016 2015
Calculate Pharoah’ s net income as a percent of sales. Brief Exercise 13-9( Essay)
Horizontal analysis( trend analysis) percentages for Phoenix Company’ s sales revenue, cost of goods sold, and expenses are listed here.
Horizontal Analysis 2017 2016 2015
Sales revenue |
96.2 |
% |
104.8 % |
100.0 % |
|
|
|
Cost of goods sold 101.0 98.0 100.0
Expenses |
105.6 |
95.4 |
100.0 |
|
|
Explain whether Phoenix’ s net income increased, decreased, or remained unchanged over the 3-year period.
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ACC 561 Week 3 Wileyplus Practice Quiz