Asked by Anonymous
Income Statement Data:
This year Last year
Revenue $150,000 $120,000
Cost of Goods Sold $90,000 $60,000
Operating Income $10,000 $5,000
Income Tax Expense $1,800 $500
Based on a horizontal analysis of the data, which statement correctly identifies the company's performance
this year?
This year Last year
Revenue $150,000 $120,000
Cost of Goods Sold $90,000 $60,000
Operating Income $10,000 $5,000
Income Tax Expense $1,800 $500
Based on a horizontal analysis of the data, which statement correctly identifies the company's performance
this year?
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