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Please show the solution. 1. Horizontal (Common-size) and Vertical (Trend) percent...

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Finance

Please show the solution.
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1. Horizontal (Common-size) and Vertical (Trend) percent for JBC Company's sales, cost of goods sold, and expenses follow: TREND PERCENTS 2005 2006 2004 COMMON-SIZE PERCENTS 2006 2005 2004 100.0% 100.0% 100.0% 62.4 60.9 58.1 14.3 13.8 14.1 Sales Cost of goods sold Expenses 104.4% 112.1 105.9 103.2% 108.2 101.0 100.0% 100.0 100.0 Determine whether net income increased, decreased or remained unchanged in this three-year period

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