Atlantis Inc. reported the following data: The horizontal analysis report shows that the cost of goods sold has:
A) increased by 29.2%.
B) decreased by 29.2%.
C) increased by 53.2%.
D) decreased by 53.2%

Question

Atlantis Inc. reported the following data:  The horizontal analysis report shows that the cost of goods sold has:
A) increased by 29.2%. 
B) decreased by 29.2%. 
C) increased by 53.2%. 
D) decreased by 53.2%

Quizplus · Accepted Answer

The data provided is not useful in answering the question. More information about the horizontal analysis report is needed to determine the change in cost of goods sold.