The Bristol Corporation data for the current year and prior year is as follows: With respect to net sales revenue, what would a horizontal analysis report?
A)There was an increase of 20.00% in net sales revenue.
B)There is a sales return of $5.00.
C)The cost of goods sold is 77.37 % of net sales revenue.
D)There is an accounts receivable turnover of 10.40 times.

Question

The Bristol Corporation data for the current year and prior year is as follows:  With respect to net sales revenue, what would a horizontal analysis report?
A)There was an increase of 20.00% in net sales revenue. 
B)There is a sales return of $5.00. 
C)The cost of goods sold is 77.37 % of net sales revenue. 
D)There is an accounts receivable turnover of 10.40 times.

Quizplus · Accepted Answer

The question asks about the horizontal analysis report for net sales revenue. Horizontal analysis compares financial information from different years to show the change or percentage increase/decrease. 
Without the actual numbers provided in the question, we can only determine the percentage change between the current year and prior year. Therefore, the answer is A, indicating there was an increase of 20% in net sales revenue.

The Bristol Corporation Data for the Current Year and Prior