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Using the Following Operating Data for Steiner Corporation, Illustrate Horizontal

Question 173

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Using the following operating data for Steiner Corporation, illustrate horizontal analysis. 20142013 Net sales $350,000$320,000 Cost of goods sold 240,000180,000 Operating expenses 80,000100,000 Net income 30,00040,000\begin{array}{lrr}&2014&2013\\\text { Net sales } & \$ 350,000 & \$ 320,000 \\\text { Cost of goods sold } & 240,000 & 180,000 \\\text { Operating expenses } & 80,000 & 100,000 \\\text { Net income } & 30,000 & 40,000\end{array}

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