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Sagot :
Answer:
Changes in gross profit from 2024 to 2025 = Gross profit of 2025 - Gross profit of 2024
Changes in gross profit from 2024 to 2025 = $145,000 - $99,000
Changes in gross profit from 2024 to 2025 = $46,000
Horizontal analysis formula:
% change in gross profit = Change in parameter/Base year parameter * 100%
% change in gross profit = $46,000/$99,000 * 100
% change in gross profit = 46.46464646464646%
% change in gross profit = 46.46%
With respect to gross profit, a horizontal analysis reveals a 46.46% increase in gross profit from 2024 to 2025.
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