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