2015                  2014

Net Sales Revenue:                  $ 431,000           $ 372,350

Expenses:

Cost of Goods Sold:                  200,000                187,550

Selling and                                 99,000                 91,050

Administrative Expenses

Other Expenses:                         8,350                    6,850

Total Expenses:                           307,350               285,450

Net Income                                  $123,650               $86,900

Requirements

1. Prepare a horizontal analysis of the comparative income statement of Mariner Designs, Inc. Round percentage changes to one decimal place.

2. Why did 2015 net income increase by a higher percentage than net sales revenue?