Chronological order
Hoped this help
Answer:
21
Step-by-step explanation:
Answer: <em><u>C. the base period amount.</u></em>
<u><em>Explanation: </em></u>While implementing a horizontal analysis on a given income statement, we compute a percentage change in any individual item by dividing the dollar amount of change from base to current time period with <u><em>the base period amount.</em></u>
i.e. % Change in Individual item = 
<u><em>Therefore, the correct option in this case is (c)</em></u>
Yes, you need to make the denominators the same. 2/3 becomes 8/12. So now you add 7/12 and 8/12, getting 15/12. But you're not done you need to simplify 15/12. The answer is 1 1/4.