Use the Information below for Wool Mart to complete the horizontal analysis for sales and net profit for 2011 and 2012. Use 2010 as the base year
(In millions) 2012 2011 2010
Sales $243,300 $217,400 $191,329
base year
Net profit $7,625 $6,730 $6,295
base year
What will be an ideal response?
(In millions) 2012 2011 2010
Sales $243,300 $217,400 $191,329
27.2% A 13.6% B base year
Net profit $7,625 $6,730 $6,295
21.1% C 6.9% D base year
A $243,300 - 191,329 = $51,971; $51,971/$191,329 = 27.2% increase
B $217,400 - 191,329 = $26,071; $26,071/$191,329 = 13.6% increase
C $7,625 - 6,295 = $1,330; $1,330/$6,295 = 21.1% increase
D $6,730 -6,295 = $435; $435/$6,295 = 6.9% increase
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