Answer:
Explanation:
Horizontal analysis of financial statements  is a system of comparing each item of financial statement in a previous year to the current year with each line item analysis expressed in a horizontal pattern for clear comparison.
The change in growth is calculated by deducting the previous year's value of an item of the financial statement from the current year while the percentage growth is calculated by calculating the growth value as a percentage of the previous year value
                           2022         2021         Change     % Change
Net sales         639,400    578,200       61,200     10.6%
Cost of goods  464,800   433400        31,400      7.3%
Gross profit      174,600    144,800       29,800      20.6%
Operating exp. 70,500      43,000        27,500       70%
Net Income       104,100       101,800      2,300       2.26%