Biology Forums - Study Force

Prepare a horizontal analysis for 2014 using the information provided by Rat Rack Incorporated below. What do these numbers tell you about Rat Rack's 2014 year? Using 2012 as the base year for Rat Rack prepare the trend percentages for the three year period 2012-2013. What do these trend percentages indicate about Rat Rack?

   2014   2013   2012   
Net sales   $98,000   $88,000   $89,000   
Cost of goods sold   44,000   35,000   38,000   
Gross margin   $54,000   $53,000   $51,000   
Operating expenses   32,000   31,000   30,000   
Net income   $22,000   $22,000   $21,000

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