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Horizontal analysis percentages for spartan companys sales

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Reference no: EM13488734

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.

Reference no: EM13488734

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