Using the following operating data for Complex Corporation illustrate horizontal analysis. 2017 2016 Net sales $ 350 , 000 $ 300 , 000 Cost of goods sold 240 , 000 160 , 000 Operating expenses 80 , 000 120 , 000 Net income 30 , 000 20 , 000 \begin{array} { l r r r } & { 2017 } & { 2016 } \ ext { Net sales } & \$ 350,000 & \$ 300,000 \ ext { Cost of goods sold } & 240,000 & 160,000 \ ext { Operating expenses } & 80,000 & 120,000 \ ext { Net income } & 30,000 & 20,000\end{array} Net sales Cost of goods sold Operating expenses Net income 2017 $350 , 000 240 , 000 80 , 000 30 , 000 2016 $300 , 000 160 , 000 120 , 000 20 , 000

Question

Using the following operating data for Complex Corporation illustrate horizontal analysis.   2017 2016  Net sales  $ 350 , 000 $ 300 , 000  Cost of goods sold  240 , 000 160 , 000  Operating expenses  80 , 000 120 , 000  Net income  30 , 000 20 , 000 \begin{array} { l r r r }  &  { 2017 }  &   { 2016 } \	ext { Net sales }  &  \$ 350,000  &   \$ 300,000 \	ext { Cost of goods sold }  &  240,000   &  160,000 \	ext { Operating expenses }  &  80,000   &  120,000 \	ext { Net income }  &  30,000   &  20,000\end{array}  Net sales   Cost of goods sold   Operating expenses   Net income  ​ 2017 $350 , 000 240 , 000 80 , 000 30 , 000 ​ 2016 $300 , 000 160 , 000 120 , 000 20 , 000 ​

Zybrea Knight · Accepted Answer

Final Answer :  2017 2016  Net sales  117 % 100 %  Cost of goods sold  150 % 100 %  Operating expenses  67 % 100 %  Net income  150 % 100 % \begin{array}{lrr} & 2017 & 2016\	ext { Net sales }  &  117 \%  &  100 \% \	ext { Cost of goods sold }  &  150 \%  &  100 \% \	ext { Operating expenses }  &  67 \%  &  100 \% \	ext { Net income }  &  150 \%  &  100 \%\end{array}  Net sales   Cost of goods sold   Operating expenses   Net income  ​ 2017 117% 150% 67% 150% ​ 2016 100% 100% 100% 100% ​

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