Math Tutor Help (show solution of with your original point of view by answering and matching it with brief explanation)

Do not copy and paste from chegg, course hero and quizlet (and others I have seen and read them all)

Question:

Horizontal analysis (trend analysis) percentages for Phoenix Company's sales revenue, cost of goods sold, and expenses are listed here.

Horizontal Analysis         2017 2016 2015

Sales revenue 96.2        %                            104.8     %                            100.0     %

Cost of goods sold 101.0 98.0 100.0    

Expenses 105.6 5.4 100.0

Explain whether Phoenix's net income increased, decreased, or remained unchanged over the 3-year period.( show solution of with your original point of view by answering and matching it with brief explanation)