Need help on this ASAP Please.Horizontal analysis (trend analysis) percentages for Spartan Company’s sales, cost of goods sold, and expenses are listed here.
Horizontal Analysis
2012 2011 2010
Sales 96.% 104.8% 100.0%
Cost of goods sold 101.0 98.0 100.0
Expenses 105.6 95.4 100.0
Explain whether Spartan’s net income increased, decreased, or remained unchanged over the 3-year period. Small Essay cannot figure out how to do this one.

Question

Need help on this ASAP Please.Horizontal analysis (trend analysis) percentages for Spartan Company’s sales, cost of goods sold, and expenses are listed here.
Horizontal Analysis
                                   2012       2011               2010
Sales		                   96.%	104.8%		100.0%
Cost of goods sold      101.0	  98.0		100.0	
Expenses		          105.6	  95.4		100.0
Explain whether Spartan’s net income increased, decreased, or remained unchanged over the 3-year period. Small Essay cannot figure out how to do this one.

anonymous · Answer

Does anyone out there know what I can do about this problem. Please help me.