An example of horizontal analysis is the increase in cost of goods sold by 29% from 2017 to 2018.

Name: An example of horizontal analysis is the increase in cost of goods sold by 29% from 2017 to 2018.
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Question

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The given statement shows a comparison of the cost of goods sold between two years, 2017 and 2018. This is an example of horizontal analysis as it analyzes the change or increase/decrease in financial numbers over time periods.

An Example of Horizontal Analysis Is the Increase in Cost