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24 March, 17:34

Suppose that in one year the Consulting Corporation had net sales of $750,000 and in the next year had net sales of $925,000. What would the percentage change be using horizontal analysis?

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  1. 24 March, 19:19
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    23.33%

    Explanation:

    Data provided in the question

    Net sales in one year = $750,000

    And, the next year net sales = $925,000

    So by considering the above information, the percentage change in using horizontal analysis is

    = Difference in amount : Net sales in one year

    = ($925,000 - $750,000) : ($750,000)

    = ($175,000) : ($750,000)

    = 23.33%
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