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Horizontal analysis percentages for Spartan Company's sales, cost of goods sold, ad expenses are listed here:
Horizontal Analysis 2012 2011 2010
Sales 96.2% 104.8% 100.0%
Cost of good sols 101.0 98.0 100.0
Expenses 105.6 95.4 100.0
Explain whether Spartans net income increased, decreased, or remained unchanged over the 3-year period.
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It should be noted that included in the above costs incurred to date were standard electrical and mechanical materials stored on the job site, but not yet installed, costing $105,000. These costs should not be considered in the costs incurred to d..
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