Reimer Company reports the following data: 2019 2018 Sales 100% 100% Cost of Goods Sold 21% 11% Gross Profit 79% 89% Operating Expenses 45% 35% Net Income 34% 54% When evaluating the results of...

Reimer Company reports the following data:<br>2019<br>2018<br>Sales<br>100%<br>100%<br>Cost of Goods Sold<br>21%<br>11%<br>Gross Profit<br>79%<br>89%<br>Operating Expenses<br>45%<br>35%<br>Net Income<br>34%<br>54%<br>When evaluating the results of operations, what can be said about Reimer Company?<br>O A. Using horizontal analysis, the company's profitability declined in 2019.<br>OB. Using horizontal analysis, the company's profitability declined in 2018.<br>OC. Using vertical analysis, the company's profitability declined in 2018.<br>OD. Using vertical analysis, the company's profitability declined in 2019.<br>esc<br>

Extracted text: Reimer Company reports the following data: 2019 2018 Sales 100% 100% Cost of Goods Sold 21% 11% Gross Profit 79% 89% Operating Expenses 45% 35% Net Income 34% 54% When evaluating the results of operations, what can be said about Reimer Company? O A. Using horizontal analysis, the company's profitability declined in 2019. OB. Using horizontal analysis, the company's profitability declined in 2018. OC. Using vertical analysis, the company's profitability declined in 2018. OD. Using vertical analysis, the company's profitability declined in 2019. esc

Jun 11, 2022

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Reimer Company reports the following data: 2019 2018 Sales 100% 100% Cost of Goods Sold 21% 11% Gross Profit 79% 89% Operating Expenses 45% 35% Net Income 34% 54% When evaluating the results of...

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