The comparative financial statements of Seward,Inc.include the following data: Which of the following would be shown on Seward's horizontal analysis when calculating percentage changes from the prior year to the current year?
A)An increase in sales revenue of 23%
B)An increase in gross profit of 41.5%
C)An increase in interest expense of 100%
D)An increase in net income of 57%

Question

The comparative financial statements of Seward,Inc.include the following data:  Which of the following would be shown on Seward's horizontal analysis when calculating percentage changes from the prior year to the current year?
A)An increase in sales revenue of 23% 
B)An increase in gross profit of 41.5% 
C)An increase in interest expense of 100% 
D)An increase in net income of 57%

Quizplus · Accepted Answer

The Answer of The comparative financial statements of Seward,Inc.include the following data:  Which of the following would be shown on Seward's horizontal analysis when calculating percentage changes from the prior year to the current year?
A)An increase in sales revenue of 23% 
B)An increase in gross profit of 41.5% 
C)An increase in interest expense of 100% 
D)An increase in net income of 57%

The Comparative Financial Statements of Seward,Inc