Horizontal analysis (trend analysis) percentages for Harley Companys s.docx
Horizontal analysis (trend analysis) percentages for Harley Company’s sales, cost of goods sold, and expenses are listed here. Horizontal Analysis                  2013                      2012                      2011 Sales                                        98.2%                 104.8%                 100.0% Cost of goods sold                 102.5                      98.0                    100.0 Expenses                               108.6                      96.4                    100.0 Instructions Explain whether Harley’s net income increased, decreased, or remained unchanged over the 3-year period. Solution Answer: Comparing the percentage presented results in the following conlcusion; The net income for Harley increased in 2012 because of the combination of an increase in sales and a decrease in both cost of goods sold and expenses. However, the reverse was true in 2013 as sales decreased, while both cost of goods sold and expenses increased. This resulted in a decrease in net income. .
Horizontal analysis (trend analysis) percentages for Harley Companys s.docx
Horizontal analysis (trend analysis) percentages for Harley Company’s sales, cost of goods sold, and expenses are listed here. Horizontal Analysis                  2013                      2012                      2011 Sales                                        98.2%                 104.8%                 100.0% Cost of goods sold                 102.5                      98.0                    100.0 Expenses                               108.6                      96.4                    100.0 Instructions Explain whether Harley’s net income increased, decreased, or remained unchanged over the 3-year period. Solution Answer: Comparing the percentage presented results in the following conlcusion; The net income for Harley increased in 2012 because of the combination of an increase in sales and a decrease in both cost of goods sold and expenses. However, the reverse was true in 2013 as sales decreased, while both cost of goods sold and expenses increased. This resulted in a decrease in net income. .
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Horizontal analysis (trend analysis) percentages for Harley Companys s.docx
- 1. Horizontal analysis (trend analysis) percentages for Harley Company’s sales, cost of goods sold, and expenses are listed here. Horizontal Analysis                  2013                      2012                      2011 Sales                                        98.2%                 104.8%                 100.0% Cost of goods sold                 102.5                      98.0                    100.0 Expenses                               108.6                      96.4                    100.0 Instructions Explain whether Harley’s net income increased, decreased, or remained unchanged over the 3-year period. Solution Answer: Comparing the percentage presented results in the following conlcusion; The net income for Harley increased in 2012 because of the combination of an increase in sales and a decrease in both cost of goods sold and expenses. However, the reverse was true in 2013 as sales decreased, while both cost of goods sold and expenses increased. This resulted in a decrease in net income.