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September 21, 2014

Homework Help: accounting

Posted by Anonymous on Thursday, January 10, 2013 at 5:27pm.

Income Statement Data:
This year Last year
Revenue $150,000 $120,000
Cost of Goods Sold $90,000 $60,000
Operating Income $10,000 $5,000
Income Tax Expense $1,800 $500
Based on a horizontal analysis of the data, which statement correctly identifies the company's performance
this year?

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