The Nichols Corporation data for the current year:

What would a horizontal analysis report with respect to common stock?
A)Stockholder's equity as 7.81% of total capital
B)Increase of $5,460 in common stock
C)88.50% increase from prior to current year of cost of goods sold
D)Sales return of $11.26

Question

The Nichols Corporation data for the current year:

What would a horizontal analysis report with respect to common stock?
A)Stockholder's equity as 7.81% of total capital 
B)Increase of $5,460 in common stock 
C)88.50% increase from prior to current year of cost of goods sold 
D)Sales return of $11.26

Quizplus · Accepted Answer

B)
Common stock - Prior $42,000
Current 47,460
Increase 5,460

The Nichols Corporation Data for the Current Year