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Selected horizontal percentages of the base-year amount from Coastal Ltd. s horizontally analyzed income statement are shown below. Instructions Based on the above horizontal percentages, did Coastal...

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Selected horizontal percentages of the base-year amount from Coastal Ltd. s horizontally analyzed income statement are shown below. Instructions Based on the above horizontal percentages, did Coastal s profit increase, decrease, or remain unchanged over the three-year period? Explain.
Answered 153 days After May 15, 2022

Solution

Tanmoy answered on Oct 15 2022
54 Votes
COASTAL LTD HORIZONTAL ANALYSIS
Table of Contents
Introduction    3
Analysis    3
Conclusion    4
References    6
Introduction
In this report we will present the horizontal percentages which is dependent on the base year 2016 amount of Coastal Ltd. Further, the analysis will be of the income statement of Coastal Ltd in horizontal format. This will help in determining the areas where the company was able to increase, decrease or remained unchanged their profits over a period of three-years from 2016 till 2018.
Analysis
It is horizontal analysis which is used for reviewing the financial statement of the company over a number of periods. The horizontal analysis of the financial statement also helps in determining the percentage growth over the similar line items in the base year. Finally, it is horizontal analysis due to which we are able to easily spot the trend and the different growth patterns of the company for which it is evaluated (James, 2022).
In this report, it has been assumed that Coastal Ltd did not have any non-operating items which are i
egular in nature...
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