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Prepare a horizontal analysis for 2014 using the information provided by Rat Rack Incorporated ...

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Prepare a horizontal analysis for 2014 using the information provided by Rat Rack Incorporated ...

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

Textbook

Exploring Microsoft Office 2013, Volume 2, Canadian Edition

Edition: 1^st

Authors: Grauer, Jenne, Igonor

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