Walkie Enterprises reported sales revenue totaling $1,120,000, $1,340,000, and $1,675,000 in the years, 2014, 2015, and 2016, respectively.
Performing horizontal analysis, what is the percentage change for 2016?
A) 25.00%
B) 38.16%
C) 47.16%
D) 14.11%

Question

Quizplus · Accepted Answer

Change in revenue / Revenue in previous year
= ($1,675,000 - $1,340,000) / $1,340,000 = 25.00%

Walkie Enterprises Reported Sales Revenue Totaling $1,120,000, $1,340,000, and $1,675,000