Use the following information to do a horizontal analysis of Rae Company's income statement for the current year and prior year Current year Prior year $387,000$300.000 $68,000 $102.600$76.,800 $17.160 Dollar Change %Change Cost of goods sold $44,000 Gross profift $22,000 Net income What is the percentage change in cost of goods sold? OA. 54.55%. OB, 29% 77.52% C. OD, 35.29%
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Home » Business » Use the following information to do a horizontal analysis of Rae Company's income statement for the current year and prior year Current year Prior year $387,000$300.000 $68,000 $102.600$76.,800 $17.