Which of the following would be most likely to reveal that cost of goods sold increased by a specific dollar amount during the year?
A)Ratio analysis
B)Trend analysis
C)Vertical analysis
D)Horizontal analysis

Question

Quizplus · Accepted Answer

Horizontal analysis compares financial data from different periods to identify changes. Therefore, if we compare the cost of goods sold between two periods, such as this year and last year, we can determine the specific dollar amount increase.

Which of the Following Would Be Most Likely to Reveal